$BTC RENDER’s price eyes 40% rally – Here’s what must happen first!

RENDER, the native token of Render, may be poised for a notable upside rally as it approaches a bullish breakout. In fact, the larger cryptocurrency market sentiment appears to be recovering too, with top assets like Bitcoin (BTC), Ethereum (ETH), and XRP maintaining a positive outlook.

RENDER bullish on-chain metrics

Amid a positive outlook, long-term holders and traders have demonstrated strong interest and confidence in the token, according to the on-chain analytics firm Coinglass. Data from RENDER’s Spot inflow/outflow revealed that exchanges worldwide recorded significant outflows of $3.69 million worth of RENDER.