Why the "Wait and See" Approach is Costing You Gains 🚀
Is $RENDER at a Generative Bottom? 🎨🤖
While the market panics over "Big Tech" AI spending, smart money is looking at the Decentralized Compute reality. We are currently seeing $RENDER trade at levels we haven't seen in months, but the on-chain data tells a different story.
The Breakdown 📉
The Dip: $RENDER has faced a significant weekly decline, underperforming the broader market. But look closer—unique trader activity is actually surging (+51%) despite the price drop.
Support Zone: We are hovering near a critical accumulation zone ($1.25 - $1.35). Historically, these "oversold" RSI levels on the daily chart have led to sharp relief rallies.
The Narrative: With Alphabet and Amazon pouring billions into AI infrastructure, the demand for decentralized alternatives like the Render Network is becoming a "sovereignty" play, not just a tech play.
My Game Plan 🛠️
I’m watching the RENDER/USDT pair for a confirmed 4H candle close above $1.55.
Accumulation: Slowly scaling in spot at these levels.
Target: Looking for a reclaim of the $1.87 resistance zone.
Risk: If we lose the $1.15 floor, I’m out until the next consolidation.
What’s your take? 👇
Are you catching this falling knife or waiting for $1.00?
