RENDER Flashes Red With 18% Short-Term Loss – Details

Quick Summary:

But with a macro-packed week alongside the broader market’s optimism, the upside potential for the crypto remains stunted in the short term if the market continues to fall.  $5.1 Resistance Crucial For Long-Term Gain As of writing, the token is struggling to retake lost ground against the bulls in the short term.

For now, investors should exercise caution as the week might be more rocky for the broader market.  Render: Macroeconomic Indicators As Focal Points This Week Multiple labor indicators will be released this week by the  US Bureau of Labor and Statistics with investors optimistic that the United States economy will have a soft landing.

The Nonfarm Payroll forecast is 164k from the previous 112k, indicating that the market sees a future rate cut.  Related Reading: NEAR Investors Hope New Projects Will Help Coin Rebound From 21% Loss If this week’s macro indicators flash bullish, the market will see renewed strength with capital returning to cryptocurrencies in the long run.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippinesUnited States

Topics: Render RNDR Altcoins Cryptocurrency Market News Crypto Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 03:00:34 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22362994

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Main Topics: Crypto

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