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Why Render’s (RNDR) Correction Could Be a Buy Signal Before $3

Published 31/10/2023, 09:19
Why Render’s (RNDR) Correction Could Be a Buy Signal Before $3
pDOTn/USD
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Coin Edition -

  • RNDR outperformed BTC as whale interaction and social dominance around the project rose.

  • November could prove to be a good month for RNDR because of the budding AI narrative.

  • A buy signal appeared at $2.44 which could serve as the support zone for RNDR to reach $3.

Render (RNDR) was one of the altcoins in the spotlight following a period when Bitcoin (BTC) tapped $35,000. At the time of writing, the price of RNDR was $2.48 after a showstealing 64% hike in the last 30 days.

Santiment, an on-chain analytic platform was able to identify reasons for Render’s exponential growth within the aforementioned period. According to Santiment, RNDR was a beneficiary of increased network growth, activity, and whale interaction. Due to these activities, the token’s social dominance reached its highest within the same timeframe.

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