๐
$RENDER Market
Price Action:
$RENDER has shown mixed performance recently, climbing roughly ~12% in a short rebound linked to broader crypto market strength. Itโs trading around key pivot levels near $1.36โ$1.48.
Coin Market Cap
Correlation: The token tends to mirror moves in larger markets like Bitcoin and stock indices due to its beta exposure, so when macro markets rise, RENDER can rally as well.
Coin Market Cap
Volatility: RENDER remains volatile and has been below its highs from earlier periods, reflecting both sector rotation and risk-off sentiment in crypto.
Coinbase
๐ Technical Levels & Trends
Support: Around $1.36โ$1.40 โ holding this zone is key for stability.
Coin Market Cap
Resistance: Near ~$1.48 and higher levels beyond, where selling pressure could re-emerge.
Coin Market Cap
Trend Notes: The price action shows short-term rebounds during market recoveries but still retests lower levels in broader sell-offs.
Coinbase
๐ฎ Outlook
Bullish Scenario: If
$RENDER can stay above near-term support and break above the immediate resistance zone, it may attract buyers again โ especially as interest in AI and decentralized compute assets grows.
Bearish Scenario: Continued risk-off sentiment and lack of breakout may keep
in a sideways/weak trend until broader markets
improve.
#MarketRally #RenderNetwork #RENDERevolution #RenderToken