Journalist
Published:
Rendering saw a strong gain of 12% in the last 24 hours. This decision placed the RNDR among the main beneficiaries of the recent weakness of the dollar.
According to the latest Consumer Price Index data, the monthly and annual figures have declined. This change put pressure on the dollar. Risk assets reacted quickly.
The entire crypto space reacted to the reports. Render also reacted abruptly. However, the recovery cannot be driven solely by macroeconomic factors.
Whale orders increase at current levels
On-chain data showed a significant increase in whale orders over the past day until press time. Big players become active near current prices.
It matters. Whale participation often shapes short-term direction. When large orders increase during a rally, it signals conviction rather than passive speculation. This also increases the likelihood of volatility expansion.
Yet context is essential. Do whales accumulate or do they distribute? As for Render’s case, the first signs suggest positioning and not exit behavior.
Source: CryptoQuant
Commercial activity accelerates
Render’s trading volume increased in the spot and futures markets.
Usually, Spot activity reflects actual purchases and sales. Futures activity reflects leveraged positioning. When the two increase together, momentum typically strengthens, participation increases, and liquidity deepens.
The increase suggests that traders are not ignoring the movement but engaging in it.
Source: CryptoQuant
Can bulls overcome seller pressure?
Despite the rally, sellers’ dominance has not completely disappeared. The market structure still reflects previous distribution areas. For RNDR to extend its gains, buyers must absorb supply overheads.
On the daily chart, the token’s price is tied to a flagging consolidation pattern.
However, momentum is building steadily and the liquidity cluster around $1,680 could accelerate the momentum and initiate the expected breakout.
Source: TradingView
If whale orders continue to increase and trading activity remains high, bulls could outpace sellers. This would create momentum beyond a simple relief rebound.
For now, Render has momentum, trading volume, and increased interest in whales. However, the next step depends on the buying frenzy that ensues.
Final Summary
- The yield rose 12% as a weak dollar boosted risk assets.
- Whale orders and futures activity surged, signaling growing participation from investors and traders.
