Render Price Pullback Looms as Whales Move $30.8 Million to Exchanges

Render Price Pullback Looms as Whales Move $30.8 Million to Exchanges

In the Asia trading hours, the crypto market witnessed a notable uptick in Al-related tokens attributed to the Nvidia AI Conference GTC 2024. Such events can drive awareness and adoption of AI technologies, potentially increasing the utility and demand for related crypto tokens. Amid the increasing demand, the Render price surged to a new all-time high of $13.38 yesterday. Will the current correction trend hamper this rally or will RNDR continue its forward March?
Also Read: Top 3 Altcoins To Buy Likely To Turn $10 Into $1000 This Week
Key Support Levels to Watch Amid Market Volatility
Render Price| Tradingview
The Render coin entered an aggressive recovery trend in late January when the price rebounded from the $3.41 mark. This bullish rally bolstered by broader market sentiment uplifted the coin 294% to hit a new all-time high of $13.38.
However, with the Bitcoin price falling below $70000, the overextended rally of RNDR price witnessed a sharp reversal. Currently trading at $11.72,

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We współpracy z: https://coingape.com/markets/render-price-pullback-whales-move-30-8/

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