RENDER faces growing bearish pressure as resistance levels and declining adoption rates signal potential for further price drops.
RENDER’s bearish sentiment has grown noticeably, with an increasing number of sellers causing downward pressure.
This has added to the asset’s struggles as it encounters multiple resistance levels, making further declines likely.was among the market’s top performers last month—surging by 45.28%—but its momentum has since faltered. After failing to break through key resistance points, the asset has dropped by 10.01% in the last 24 hours, raising concerns about its near-term trajectory.
Unless RENDER regains the interest of market participants, its current slide could continue, leaving its recovery prospects uncertain.The bears have firmly seized control of the RENDER market, outnumbering the bulls and exerting significant downward pressure. According to, 132 Bear addresses were active over the past seven days, compared to just 120 bull ones.
In this context, bulls and bears are defined as addresses responsible for buying or selling at least 1% of the total trading volume. This current disparity highlights the growing influence of bearish participants.Adding to the pessimism, the Active Address Ratio—measuring active addresses relative to those holding a balance—has fallen to 1.09%. Such a decline is typically a strong indicator of negative market sentiment.
Data from IntoTheBlock shows that the previous day’s high of 8.211 aligns with an IOMAP resistance range between 7.99 and 8.21. This zone is reinforced by a sell order of 3.28 million RENDER tokens, intensifying bearish pressure.Technical analysis further reflects the challenges for RENDER. The token has simultaneously hit two critical resistance points: a descending trendline and a horizontal resistance level at 7.97, both of which correspond with the IOMAP resistance range.
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