$RENDER has had one hell of a week. š
Back on September 15, RENDER was sitting around $1.32. Seven days later, it pushed as high as $1.88, putting the move at roughly +42%.
Thatās not a move you can really ignore.
But today, the chart is starting to tell a slightly different story.
RENDER briefly touched around $1.90 before slipping back toward $1.83. For now, that $1.90 area is looking like a wall. Buyers have pushed hard, but they havenāt managed to turn it into support yet.
And the strength isnāt happening in isolation.
The Render ecosystem continues to see activity, with recent reports pointing to around 77 million rendered frames and growing demand for its GPU infrastructure. The recent price action has also pushed RENDER into the spotlight among AI-related crypto tokens.
Still, after five consecutive positive sessions, I wouldnāt be surprised to see the market take a breather.
The zone Iām watching most closely now is $1.67-$1.70.
If RENDER holds there, the recent breakout structure still looks healthy to me. If that zone breaks, though, the pullback could start looking a lot more serious.
For me, the next interesting moment is simple:
Can RENDER break through $1.90 and, more importantly, turn that old resistance into support?
Thatās the level Iāll be watching. š
Not financial advice. DYOR and trade at your own risk. $RENDER
Back on September 15, RENDER was sitting around $1.32. Seven days later, it pushed as high as $1.88, putting the move at roughly +42%.
Thatās not a move you can really ignore.
But today, the chart is starting to tell a slightly different story.
RENDER briefly touched around $1.90 before slipping back toward $1.83. For now, that $1.90 area is looking like a wall. Buyers have pushed hard, but they havenāt managed to turn it into support yet.
And the strength isnāt happening in isolation.
The Render ecosystem continues to see activity, with recent reports pointing to around 77 million rendered frames and growing demand for its GPU infrastructure. The recent price action has also pushed RENDER into the spotlight among AI-related crypto tokens.
Still, after five consecutive positive sessions, I wouldnāt be surprised to see the market take a breather.
The zone Iām watching most closely now is $1.67-$1.70.
If RENDER holds there, the recent breakout structure still looks healthy to me. If that zone breaks, though, the pullback could start looking a lot more serious.
For me, the next interesting moment is simple:
Can RENDER break through $1.90 and, more importantly, turn that old resistance into support?
Thatās the level Iāll be watching. š
Not financial advice. DYOR and trade at your own risk. $RENDER