As June 2025 begins,
Render (RENDER) has fallen more than 8.6% in the last 24 hours due to confusion surrounding Coinbase’s announcement to delist the older Ethereum-based RNDR token.
While the delisting did not impact the newer Solana-based RENDER token, panic selling kicked in, as many investors misunderstood the news.
Despite Render Network’s clarification & most major exchanges already supporting the Solana version, the FUD caused a sharp drop in price & a surge in trading volume as holders rushed to exit.
From a technical perspective, RENDER’s EMA lines are tightening, suggesting a potential death cross could form soon typically a bearish signal.
If confirmed, the token could continue sliding toward the $4.30 support level & possibly dip lower if selling pressure accelerates. Conversely, if bulls regain control & break above the $4.45 resistance, RENDER could retest $4.89.
A strong breakout could push the price back toward the $5 range, though it would require significant buying momentum to overcome recent sentiment damage.#Write2Earn $RENDER
