In the afternoon, spot trading volume for $RENDER increased noticeably, with short-term matched trades exceeding $170,000—two and a half times the previous average.
Heavy selling pressure pushed the price down and out of the four-hour consolidation range, closing at $1.961.
The price had traded sideways for several hours between $1.981 and $2.042. This breakdown ended the stalemate.
Aggressive buying accounted for just 38% of trading during the period. Whether the price can stabilize after leaving the range depends on whether meaningful buying support emerges at lower levels.
Heavy selling pressure pushed the price down and out of the four-hour consolidation range, closing at $1.961.
The price had traded sideways for several hours between $1.981 and $2.042. This breakdown ended the stalemate.
Aggressive buying accounted for just 38% of trading during the period. Whether the price can stabilize after leaving the range depends on whether meaningful buying support emerges at lower levels.