Renders potential reversal: Will high volume push it out of downtrend?

Renders potential reversal: Will high volume push it out of downtrend？

RNDR price action analysis: Key levels to watch

Source: TradingView

RNDR price DAA divergence: Warning signs or opportunity？

The DAA (Daily Active Addresses) divergence chart for RNDR highlights periods of significant negative divergence, with recent levels reaching as low as -303.85%.

This divergence indicates a mismatch between price and active addresses, implying that recent price attempts lack a corresponding increase in network activity.

However, if Render experiences a surge in active addresses, this divergence could reverse, lending crucial support to the price. Therefore, a shift in network activity could play a pivotal role in reinforcing RNDRs price stability.

Source: Santiment

Onchain signals: What do the metrics reveal？

Source: IntoTheBlock

Liquidation: A look at long and short positions

Source: Coinglass

Read Renders [RNDR] Price Prediction 2024–2025