Summary
TLDR: Render (RNDR) price hits all-time high, but may face bearish reversal as investors start selling due to decline in Mean Coin Age and whales reducing their holdings. Price prediction suggests RNDR might drop to $11.50 but could bounce back from technical support level. Always do your own research before making financial decisions.
Key Points
1. Render (RNDR) price has reached a new all-time high, indicating a bullish revival in the market.
2. The increase in Render price might trigger heavy selling as investors look to take profits and move their holdings to exchanges.
3. The Mean Coin Age (MCA) of Render tokens has significantly decreased, suggesting a shift in investor behavior towards selling their holdings, especially among whale addresses holding a significant portion of RNDR supply.