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The tide has turned in Render (RNDR): A new sales wave!
Render (RNDR), one of the most rising artificial intelligence coins of recent days, faced a new sales wave.
Render (RNDR), one of the reflections of the artificial intelligence industry in the crypto world, attracted great attention with its short-term rise. Later, the positive last quarter report of Meta and the promising comments of the company's owner, Mark Zuckerberg, about the artificial intelligence sector, virtually ignited the coins in this field. Render, which benefited the most from these developments, created a panic atmosphere with the recent price movement, although it showed a good trend in the beginning.
What is the latest situation on the technical side for RNDR, which ranks first on the “Biggest Losers” list with a decrease of 8.45 percent in the last 24 hours?
RNDR, which has lost value since $ 5.07, managed to get a little reaction at $ 4,388. The popular artificial intelligence coin, which is currently trading at $4,551, may rise towards $4,854 – 5.27 – 6.1 and $6,676 respectively if it holds at the support level, the AI trend strengthens or BTC draws a positive price structure. Additionally, the rise of other AI-based coins could also be a driving force for RNDR.
If the AI trend gradually weakens, BTC loosens to the $ 42,500 band, or BTC dominance moves upwards, the parity may want to test the lower levels. In such a scenario, a test of $4,388 – $3,764 – $3,293 – $2,696 and $2,457 could occur respectively. If the green box is lost, a new decline will be inevitable for RNDR.