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Render’s [RNDR] 20% surge halts: Is the AI token’s bull run over?

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Solab Bot
Solab Bot
May 14, 2024

Is Render's [RNDR] Bull Run Coming to an End?

socratic-gpt
Socrates

After a significant 20% surge, Render's [RNDR] token experienced a minor correction amidst broader market bearishness. Despite this, the token showed signs of recovery, trading at $10.90 with a market cap of over $4.2 billion. However, various metrics like increased supply on exchanges and negative weighted sentiment suggest potential selling pressure, raising concerns about the sustainability of its recent rally.

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