$RENDER Long Liquidation: $8.9594K at $7.97385 - What's Next?

$RENDER just faced a significant long liquidation of $8.96K at $7.97385, signaling a rapid price correction.

The failure to maintain bullish momentum at this level has led to forced exits from long positions, causing a sharp pullback.

Support & Resistance:

Support: The key support level is around $7.50.

A bounce off this level could give RENDER a chance to regain bullish momentum.

Resistance: Resistance sits around $8.20–$8.40.

A move above this range would indicate that the bulls are trying to take control again.

Next Move Prediction: If $7.50 holds, $RENDER could consolidate and push toward $8.20.

However, if $7.50 breaks, expect further downside towards $7.00.

Watch for volatility as price action develops!

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