A $93.9K long position in Render Token (#RNDR ) was liquidated at $7.172, highlighting significant market volatility.

Key Observations:

Current Price: RNDR is trading at $7.17, reflecting a decline.

Support Levels: Immediate support is observed around $7.00; a breach could lead to a decline towards $6.50.

Resistance Levels: Resistance is noted at $7.50 and $8.00; surpassing these could indicate a bullish trend.

Market Sentiment: Recent price movements suggest a bearish trend, with RNDR underperforming compared to the global cryptocurrency market.

Next Move: A decisive move above $7.50 may signal a bullish reversal, while failure to maintain support at $7.00 could lead to further declines.

Recommendation: Given the current market dynamics, it's advisable to monitor RNDR's price movements closely and consider implementing risk management strategies to navigate potential volatility.

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