RENDER Rally Powers the AI Boom, But a 76% Drop in Buying Pressure Exposes Cracks

RENDER, the token of the Render decentralized GPU compute network, has surged over 83.8% in the last seven days, pushing its market capitalization above $1.2 billion. This rally surpasses the performance of popular altcoins like ATOM and FIL. The increase is driven by renewed interest in decentralized GPU compute services and a growing ecosystem around Render according to market analysis.

Trading volume for RENDER reached $181.36 million on Tuesday, the highest since November 7, indicating strong trader interest. The Daily Active Addresses metric rose from 54 to 536, reflecting increased network usage and demand for Render's blockchain services.

Meanwhile, derivatives data show increasing Open Interest in RENDER futures, rising from $28.90 million to $65.89 million since Thursday. This increase in Open Interest suggests new capital entry, potentially fueling the rally.

Why the Move Happened

The surge in RENDER's price is linked to improved on-chain activity and a growing ecosystem. The network's trading volume and daily active addresses have risen sharply, signaling increased user engagement and demand. Santiment's data shows a surge in traders' interest and liquidity in RENDER, boosting the bullish outlook.

In addition, the Chaikin Money Flow (CMF) indicator has broken above a descending trendline and moved back above zero. This confirms real capital support, although it has not been enough to break the bearish channel.

What Analysts Are Watching

Despite the strong rally, some caution is warranted. The Chaikin Money Flow indicator shows capital entering the market, but exchange outflows have dropped sharply. Over the past 24 hours, RENDER exchange outflows fell from around 203,000 tokens to about 49,000 tokens, a 76% decline. This suggests that buying pressure is fading just as the price hits resistance.

Momentum indicators also raise concerns. The Relative Strength Index (RSI) has formed a hidden bearish divergence, where the RSI has made a higher high while the price remains close to a lower high. This pattern often signals weakening momentum. Confirmation of this bearish divergence would occur if the next daily candle closes below $2.48.

Investors are now watching whether RENDER can break through the key resistance level of $2.56. A clean daily close above this level would break the descending channel resistance and open the path toward $2.93. If the price fails to hold above $2.56, it may trigger consolidation or a deeper correction. Initial support levels sit near $2.05 and $1.80.

How Markets Responded

The broader AI category has also seen gains, rising around 18% over the same period. Render has played a central role in this move. However, the price remains within a descending channel that has been in place since early October. Sellers have defended the upper boundary of this channel, despite the trendline having only two clear touchpoints.

RENDER's price broke above the falling wedge pattern on January 2, surging 45% through Monday. It closed above its 50-day and 100-day EMAs at $1.70 and $2.08, respectively. As of Tuesday, RENDER is trading 7% higher.

The RSI on the daily chart is at 81, above its overbought level, indicating strong bullish momentum. The MACD indicator also shows a bullish crossover and rising green histogram bars above the neutral level, further supporting the bullish outlook. However, if the price corrects, it could extend the decline toward the 100-day EMA at $2.08.

What Investors Should Know

The price of RENDER is now at a critical juncture. The current rally has strong capital support but faces structural resistance. The key test for investors will be whether the price can break through the descending channel resistance and maintain momentum. If it fails to do so, it may trigger a deeper correction or prolonged consolidation.