Render (RNDR) is trading around $2.85, after jumping 50% over the past week. Even with a minor dip, RNDR broke through a long bearish pattern. RSI is near 69, and volume remains strong, pointing to more possible gains. Analysts are watching support levels between $2.70–$2.85 closely, with a possible next leg up of 50–70% if support holds.
Whale wallets are accumulating, based on recent on-chain data. This hints at long-term confidence in the project. Render plays a key role in providing GPU compute power in a decentralized way, something that’s becoming more important with the growth of AI and metaverse projects.
With strong technical signals, good utility, and large holders backing it, Render looks ready for more movement. For those tracking bullish cryptos, RNDR stands out as one of the tokens to keep an eye on over the coming days.
