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Home/News Feed/RENDER absorbs 3.05M token OTC transfer, holds key $1.49 support amid strong spot demand

RENDER

Rp27,067

-Rp504 -1.83%

RENDER absorbs 3.05M token OTC transfer, holds key $1.49 support amid strong spot demand

Technical Signals

02 Jul 2026

AMBCrypto

View Source

Neutral

BitGo transferred 3.05 million RENDER tokens worth about $4.58 million via an OTC deal, adding significant supply to the market. Despite this, RENDER held its critical $1.49 support level and traded around $1.54, showing that immediate selling pressure was absorbed by strong spot buying demand. The Spot Taker CVD indicated buyers remained dominant, preventing a price drop below support. Moving forward, reclaiming the $1.767 resistance could boost momentum toward $2.00, while falling below $1.49 might expose downside risks from liquidity clusters.

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