Evaluation of RNDR Coin in the Crypto Currency Market

After Bitcoin passed the $69,000 level again yesterday, the altcoin market is generally on a downward trend. This current trend in the crypto currency market, especially due to the uncertainty created by the Coinbase case, causes anxiety among investors and prevents courageous steps from being taken in the market. RNDR Coin Market Indicators According to analyses evaluating the movements of RNDR Coin in the market, the average coin age indicator indicates that investors are avoiding selling and there is an upward trend. Within March, the average coin age for RNDR showed a downward trend, implying profit-taking. However, it indicates that investors expect potential price increases as it has gone up afterwards. Exchange Supply and Price Relationship When making price predictions for RNDR Coin, the supply movements in the exchanges emerge as an important factor. From February 26th to March 22nd, the RNDR supply on exchanges increased, while price levels remained […]

Evaluation of RNDR Coin in the Crypto Currency Market

After Bitcoin passed the $69,000 level again yesterday, the altcoin market is generally on a downward trend. This current trend in the crypto currency market, especially due to the uncertainty created by the Coinbase case, causes anxiety among investors and prevents courageous steps from being taken in the market.

RNDR Coin Market Indicators

According to analyses evaluating the movements of RNDR Coin in the market, the average coin age indicator indicates that investors are avoiding selling and there is an upward trend. Within March, the average coin age for RNDR showed a downward trend, implying profit-taking. However, it indicates that investors expect potential price increases as it has gone up afterwards.

Exchange Supply and Price Relationship

When making price predictions for RNDR Coin, the supply movements in the exchanges emerge as an important factor. From February 26th to March 22nd, the RNDR supply on exchanges increased, while price levels remained normal with the balancing of profit-taking. However, the decrease in supply after March 22nd created an effect that would contribute to the price rise.

RNDR Coin Price Predictions

In the four-hourly chart analysis of RNDR Coin, moving average indicators (EMA) indicate a search for balance in the market. The tendency of short-term moving averages to rise above longer-term ones can be interpreted as a herald of possible buying pressure for RNDR Coin. If the analyses are correct, the price of RNDR Coin can surpass $13.46, the highest level of all time. In a negative scenario, it is seen possible for the price to drop to $10.3.

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