Render Token (RNDR), Moderate Volatility and Falling Tuesday: Is it Time to Cash Out?

Tuesday, August 09, 2022 10:37 AM | InvestorsObserver Analysts

Render Token (RNDR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has lost 9.81% to $0.7013441515.

InvestorsObserver is giving Render Token a 69 Volatility Rank. Find out what this means to you and get the rest of the rankings on Render Token!

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Moderately Volatile

InvestorsObserver gives Render Token a moderate volatility rank of 69, placing it in the top 31% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. RNDR's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Render Token price is well positioned going forward. With support at $0.646295374728091 and resistance near $0.727642721033938. This leaves Render Token with room to run before facing selling pressures.