Render (RENDER) is currently testing a significant resistance level at $2.71, following a strong upward move supported by the AI sector's performance. The cryptocurrency has established short-term support between $1.77 and $2.17, with analysts divided on whether the price will continue its upward trajectory or face a corrective phase. The current consolidation near $2.36 is seen as a pause in the trend, with market participants watching for a potential breakout.
Despite positive signals on lower timeframes, some analysts remain cautious, viewing the recent rally as potentially corrective. A confirmed break above $2.71 could invalidate bearish outlooks, targeting higher levels at $2.946 and $3.126. Conversely, failure to break this resistance might lead to a decline towards $2.067 or deeper demand zones around $1.835 and $1.408. Render's performance remains closely tied to AI sector strength, with traders awaiting further confirmation of trend direction.
Render (RENDER) Tests Key $2.71 Resistance Amid AI Sector Momentum
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