[RNDR surges 18% on release speculation, what’s next? 】

Investors in Render (RNDR) are preparing for the tokens to be unlocked in the near future, with the total value of the tokens expected to be unlocked reaching $7.14 million. This unlocking has triggered speculation in the crypto community, and everyone is concerned about whether this will cause fluctuations in the price of RNDR. This event is part of a larger trend in the crypto market, where token unlocks can have a significant impact on price dynamics.

Over the next seven days, $386.04 million worth of tokens will be unlocked, with ARB, AXS, and IMX rounding out the top three. These unlocks represent a significant portion of each token’s total supply, and the market feels destabilizing pressure as a result. Additionally, linear unlocking of tokens occurs daily, further increasing supply on the market.

WLD, SOL, and AVAX lead in terms of daily unlocked value, and this gradual release approach could put pressure on prices as supply increases. However, the extent of this impact will depend on a variety of factors including market sentiment and token demand.

Despite the uncertainty caused by the unlock, RNDR price rose significantly by 18% to $9.28. The rise could be due to multiple factors, including positive sentiment from the crypto community and bullish technical indicators. One-day stochastic RSI above the signal line may be a bullish signal in the short term, but traders will still need to seek confirmation from other indicators.

On the other hand, the one-day MACD is below the signal line, giving a short-term bearish signal and showing the contradiction in market signals. Additionally, one-day KST is below the signal line, suggesting a possible bear trend in the short term, increasing the uncertainty faced by traders.

#鴉快訊 $RNDR @Render Network