Fireblocks transferred 4.446 million RENDER tokens worth approximately $5.78 million to Binance, adding selling pressure to an already declining asset. The price broke below the $1.432 support level and is now testing the key $1.25 support, with the next major support sitting at $1.00 if that level fails. Despite negative spot netflows of around $1.05 million and buyer-dominant Taker CVD activity, the price continues to fall without confirming a reversal. Open Interest rose 8.66% to $46.33 million with a funding rate of 0.0058% reflecting long bias, but this positioning increases liquidation sensitivity around $1.25. The RSI at 29.40 indicates oversold conditions, though defending the $1.25 support remains critical for any recovery attempt toward $1.432.
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