Render (RNDR) has surged 16.5% in a single day, reflecting strong momentum among AI tokens. The token is currently trading around $1.53, with key resistance at $1.90 and support near $1.50. This rally comes as the AI sector's market cap increased by 14% in a week, signaling heightened investor interest.
Despite the recent gains, Render remains in a broader bearish trend, with a local swing high at $2.82 potentially capping further advances. Traders are advised to manage risk carefully, as weekend trading can amplify volatility. Monitoring the $1.90 resistance and $1.50 support levels will be crucial for navigating short-term opportunities.
Render (RNDR) Surges 16.5% Amid Growing AI Token Interest
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