What to know:
- The RENDER price shows long-term accumulation, with analysts eyeing a potential breakout toward $16.
- Analyst Flippix says easing selling pressure and AI crypto demand could support a new bullish cycle for RENDER.
- Technical indicators remain bearish, with the RSI at 31.48 and the MACD below the signal and zero lines.
RENDER is showing signs of long-term accumulation, with analysts expecting a potential breakout supported by growing interest in AI-focused cryptocurrencies. Despite the optimistic outlook, technical indicators remain bearish, suggesting buyers must regain momentum before a sustained recovery and bullish trend can be confirmed.
At the time of writing, RENDER is trading at $1.32 with a 24-hour trading volume of $15.54 million and a market capitalization of $686.55 million. Despite the 1.88% loss over the last 24 hours, the RENDER price structure points to a bullish reversal, but technicals remain weak.
Source: CoinMarketCap
Also Read: RENDER Price Eyes $1.60 Breakout as OTOY Studio Partnership Boosts Adoption
RENDER Price Targets $16 After Long Accumulation
According to the crypto analyst Flippix, RENDER is attracting renewed attention as its long-term chart signals the potential for another major bullish cycle.
After delivering an explosive rally of nearly 1,000% during its previous expansion, the AI-focused token entered a prolonged correction followed by almost two years of sideways trading. Analysts believe this extended consolidation reflects steady accumulation rather than fading market interest.
Source: Flippix’s X Post
The technical analysts observe that the weak hands have left and the patient hands have increased their position.
With the resistance line giving up its control, a breakout could mean a move towards $16. Increased optimism about the artificial intelligence projects can drive the demand for RENDER as one of the best AI coins.
Momentum Indicators Point to Bearish Pressure
The data from TradingView further highlighted that RENDER continues its bearish trend, with its chart displaying a consistent trend of declining highs and lows as it struggles below its recent top at $2.20 in June.
The cryptocurrency is trading near $1.33 after weeks of selling, with the bulls trying to recover the important resistance levels of $1.45-$1.60 for a change of direction.
Source: TradingView
Technical indicators seem to constantly remind us about a weakening market. The current level of RSI is at 31.48 and is close to the oversold zone, but the MACD is below the signal and zero levels, showing a bearish momentum.
In order for a recovery to be true, there should be an increase in buyers’ activity along with a rise in RSI and a positive MACD cross.
What Happens Next?
The future of RENDER will depend on the ability of traders to push the price above the resistance level of $1.45-$1.60 using substantial volumes. This breakout will give grounds to talk about the rise to the target level of $16.
However, persistent bears can complicate the situation for the token by pushing the price below the support level.
Also Read: RENDER Price Targets $50 as Technical Indicators Point to Trend Reversal
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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