• RENDER stabilizes near key support as traders eye a possible shift in market sentiment.
• Network activity surges sixfold after migration to Solana, boosting adoption and efficiency.
• Bullish momentum builds with MACD recovery and liquidity targets near $3.75 and $4.19.

RENDER stabilizes near a key support level after recent volatility, and traders have their eyes on a potential market sentiment shift. The migration of the token from Ethereum to Solana has resulted in added value and reduced transaction costs. This technological and formal shift is helping the network generate more buzz in 2025.

According to SOLSCAN, RENDER transactions increased from 7,339 transfers amounting to $4.25 million on November 2 to 48,074 transfers worth $50.79 million. The sixfold increase indicated that Solana’s quicker and cheaper infrastructure has gained trust. Trading grows with heightened efficiency and increased utilization of the ecosystem by holders and traders.

Source: SOLSCAN

Volumes on decentralized exchanges also rose sharply. Total transactions were up from 3948 to 36132, and buy volume was $2.84 million versus sell volume at $2.54 million. It means there’s tightening demand and better harmony between buyers and sellers. A short squeeze could happen if the buyers stay put, analysts warn.

At the time of writing, RENDER is trading at $2.30, with a 12.67% daily and 1.37% weekly loss. Trading volume decreased by 42.5% down to $146.47 million, which suggests temporary profit-taking after the spike. Despite this pullback, there are several metrics pointing to an early development of bullish momentum.

Source: CoinMarketCap

Also Read: Litecoin Breaks $100 as Whale Accumulation Sparks Massive On-Chain Surge

RENDER Forms Falling Wedge Pattern

Crypto analyst Butterfly highlighted that RENDER is consolidating on a 3-day time frame within a falling wedge. The setup combines with decreasing volatility and continued accumulation along the lower trendline. Momentum indicators are indicating that bullish pressure is beginning to build, confirmation will be, however, on a clear breakout over resistance.

Source: X

MACD and CMF Point to Improving Momentum

MACD is showing the MACD line at -0.191, the signal line at -0.225, and the histogram at +0.033. This combination indicates that positive momentum is beginning to be reborn following a long bearish period. The Chaikin Money Flow (CMF 20) currently is -0.09, indicating that there are slight outflows but not an increase in liquidity from last week.

Source: TradingView

Based on Coinglass data, there are two large liquidity clusters acting as two price magnets. One of them is at $3.75 with a 680.32K leveraged amount, and the other at $4.19 with 833.57K. If the influx of buying pressure grows, prices usually gravitate towards these liquidity areas, which accelerates the uptrend.

Source: CoinGlass

With trading volume increasing and the RENDER keeping its critical support level, analysts point out that the price outlook of the RENDER in 2025 has been turning for good, which usually serves as a healthy sign of a long-term upward trend.

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