Rendering: After a 40% drop, can the whales push RNDR up to $8.13?

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Render (RNDR) has become one of the most prominent cryptocurrencies in the Solana ecosystem, with its price soaring over 10% to $7.43. According to CoinMarketCap data, the trading volume and market cap of Render have significantly increased, with trading volume surging 43% in one day, reaching $1.26 billion.

Strong rebound after price crash

Despite a 40% price drop this week, shaking market confidence, RNDR successfully rebounded 29% within 48 hours, quickly regaining its leading position in the Solana ecosystem.

Surge in whale activity, strong price momentum

According to data from IntoTheBlock, Render's large transaction volume has increased by 10%, indicating a rise in whale activity, which often signals a strong price increase.

Bullish signals abound, liquidity pool attracts buying

The liquidity heat map shows approximately $310,000 in the liquidity pool near the $8.13 price point, which could become a breakout point, further driving its rise.

Despite experiencing significant volatility in the short term, Render demonstrates strong upward potential with its rapid recovery, combined with technical and on-chain indicators, and market confidence is gradually returning.

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