Despite the broader market recovery, Render has failed to attract investors and was accumulating near the lows. However, recent sessions suggest bullish pressure pushed the price past the 20 and 50-day exponential moving averages.
At the time of writing, Render was exchanging hands close to $5.5 level, indicating a mild 1.44% intraday loss. The price performance indicates a 7% weekly gain in the last few sessions which has brought hopes of a bullish breakout and improved price for the investors.
However, one more thing could wave off worries of the investors and that is the accumulation by the whales in Render for the last one month. Despite last month’s muted performance, analysts have noted increased activity by the whales in Render.
Let’s analyze it in detail and try to find out whether Render is preparing for some explosive move in October.
Whales On-Loading Render: Time to Buy the Dip?
Render is one of the leading decentralized GPU compute platforms for various di
We współpracy z: https://www.thecoinrepublic.com/2024/09/22/whales-accumulating-render-can-render-show-massive-gains-in-october/
