Render’s RNDR token surged 12% in the past 24 hours, ranking among the top gainers as the U.S. dollar weakened following lower-than-expected Consumer Price Index data. On-chain analysis indicates a concurrent spike in whale orders and trading volume across both spot and futures markets, signaling strong institutional participation. Despite the rally, the token faces seller pressure near previous distribution zones, with its next major movement hinging on whether bulls can sustain momentum above key liquidity levels.
The Render network’s RNDR token posted a strong 12% gain over 24 hours, placing it among the top beneficiaries of recent U.S. dollar weakness. This shift followed reports showing a decline in both monthly and yearly Consumer Price Index readings.
On-chain data showed a significant rise in whale orders over the past day. Whale participation often shapes short-term direction.
Early signs suggest positioning, not exit behavior, among these large holders. Trading volume also surged across both spot and futures markets for RNDR.
The increase suggests traders are actively engaging with the move. When spot and futures activity rise together, momentum typically strengthens.
Despite the rally, seller dominance has not disappeared entirely. The market structure still reflects prior distribution zones.
For RNDR to extend gains, buyers must absorb overhead supply. On the daily chart, the token price is tied to a flag consolidation pattern.
The momentum is accumulating steadily near the $1.68 level. A liquidity cluster around that price could accelerate momentum and initiate an anticipated breakout.
If whale orders continue rising and trading activity remains elevated, bulls could outpace sellers. For now, Render has momentum, trading volume, and increased whale interest.
