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Home/News Feed/Render drops nearly 12% amid fears of Alameda-linked token liquidations and falling trader leverage.

RENDER

Rp27,067

-Rp504 -1.83%

Render drops nearly 12% amid fears of Alameda-linked token liquidations and falling trader leverage.

Technical Signals

28 May 2026

AMBCrypto

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Bearish

Render (RNDR) fell almost 12% following market fears that Alameda-linked seized tokens could trigger sell-offs. U.S. authorities transferring assets to Coinbase Prime intensified concerns, leading to a 43% drop in trading volume and a 13.7% decline in derivatives Open Interest as leveraged traders reduced exposure. Despite the sharp correction, RNDR remains within a longer-term ascending channel, with key support at $1.75 critical for stabilizing price. If buyers defend this level, a recovery toward resistance near $2.32 is possible; otherwise, further declines may occur amid ongoing market volatility.

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