Render Token Faces Critical Support Level After Investor Exodus
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Render (RNDR) price has declined over the past 2 weeks after hitting an all-time high in March
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Active addresses on the Render network have dropped drastically in the past week, suggesting investors are backing out
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77% of active Render addresses are currently at breakeven or taking losses, 21% are profiting - indicating potential further selling
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RNDR could lose crucial $10 support level and fall to $8.70, marking a 20% correction if bearish momentum continues
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If $10 support holds, RNDR may have a chance to recover, especially if it flips 50 & 100 day EMAs into support