AI Coin Render Bounces 18% as $242M Floods In – Is the Sell-Off Finally Over?
The AI-integrated Render coin (RENDER) surged 17% overnight before cooling off, reaching a 24-hour high of $3.05 after bouncing from a 7-day low of $2.61, according to CoinCodex.
Despite the brief rally, Render remains down 19% over the past week, currently trading at $3.04, up 4.4% on the day.
Other AI coins also saw gains, with Bittensor (TAO) up 6%, Story (IP) rising 6.7%, and FET rallying 7.2%, outperforming Bitcoin and Ethereum, which saw minimal movement.
Render Price Analysis: Where is RENDER Going Next?
Render leverages blockchain and AI technology to offer a decentralized service providing cost-efficient and speedy rendering power for various applications including gaming, film, and architecture.
However, its price chart over the last three months shows a coin in a pretty consistent decline.
Both support and resistance levels have dropped. The token began the year hitting a high of $9, but since March began, it has failed to breach the $4 resistance level that has formed.
Similarly, support for the token has dropped significantly, from $7 to $3 in the period under examination.
Its relative strength index (RSI) is 55 and rising, indicating some buying momentum is buoying its price in spite of wider market headwinds right now.
However, for the sell-off to truly be over, Render will need to break above the $4 resistance level and sustain its gains, or risk another downturn if momentum fades.
As AI Coins Rally, Best Wallet Funnels the Smart Money
Broadly speaking, Render, like the rest of the market, is tracking the price action of market leader Bitcoin, which has been declining since the start of the year.
Negative price swings across leading projects have driven savvy crypto investors to head towards the presales market, where they can snap up tokens at fixed floor prices before they hit exchanges, priming them for the next bull run.
One of the most popular presales right now is for leading next-gen crypto wallet Best Wallet, a rival to Trust Wallet and MetaMask, and its new native utility token, $BEST.
$10M raised and Best Wallet keeps growing!
— Best Wallet (@BestWalletHQ) February 17, 2025
Holding $BEST isn’t just about being part of the fastest-growing crypto wallet. It comes with real advantages that put you ahead of the game:
Exclusive Airdrop Rewards
Alpha on The Hottest New TokensTotal Control in One… pic.twitter.com/mRJp7jorsG
One of the key feaures of Best Wallet is its “Upcoming Tokens” tool, which selects the most promising crypto projects, often while still at presale, enabling users to make moves before everyone else.
Additionally, it aggregates the most rewarding staking opportunities to help users generate the most value out of their portfolios.
The Best Wallet app is on Google Play and the Apple Store and currently supports over 1,000 cryptocurrencies. It leverages Fireblocks’ MPC-CMP encryption to keep users’ assets secure.
So far, early investors have poured $11 million into Best Wallet’s $BEST token presale, making it a clear alternative to leading altcoins like Render.
Follow Best Wallet on X and Telegram.
The post AI Coin Render Bounces 18% as $242M Floods In – Is the Sell-Off Finally Over? appeared first on Cryptonews.
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AI Coin Render Bounces 18% as $242M Floods In – Is the Sell-Off Finally Over?
The AI-integrated Render coin (RENDER) surged 17% overnight before cooling off, reaching a 24-hour high of $3.05 after bouncing from a 7-day low of $2.61, according to CoinCodex.
Despite the brief rally, Render remains down 19% over the past week, currently trading at $3.04, up 4.4% on the day.
Other AI coins also saw gains, with Bittensor (TAO) up 6%, Story (IP) rising 6.7%, and FET rallying 7.2%, outperforming Bitcoin and Ethereum, which saw minimal movement.
Render Price Analysis: Where is RENDER Going Next?
Render leverages blockchain and AI technology to offer a decentralized service providing cost-efficient and speedy rendering power for various applications including gaming, film, and architecture.
However, its price chart over the last three months shows a coin in a pretty consistent decline.
Both support and resistance levels have dropped. The token began the year hitting a high of $9, but since March began, it has failed to breach the $4 resistance level that has formed.
Similarly, support for the token has dropped significantly, from $7 to $3 in the period under examination.
Its relative strength index (RSI) is 55 and rising, indicating some buying momentum is buoying its price in spite of wider market headwinds right now.
However, for the sell-off to truly be over, Render will need to break above the $4 resistance level and sustain its gains, or risk another downturn if momentum fades.
As AI Coins Rally, Best Wallet Funnels the Smart Money
Broadly speaking, Render, like the rest of the market, is tracking the price action of market leader Bitcoin, which has been declining since the start of the year.
Negative price swings across leading projects have driven savvy crypto investors to head towards the presales market, where they can snap up tokens at fixed floor prices before they hit exchanges, priming them for the next bull run.
One of the most popular presales right now is for leading next-gen crypto wallet Best Wallet, a rival to Trust Wallet and MetaMask, and its new native utility token, $BEST.
$10M raised and Best Wallet keeps growing!
— Best Wallet (@BestWalletHQ) February 17, 2025
Holding $BEST isn’t just about being part of the fastest-growing crypto wallet. It comes with real advantages that put you ahead of the game:
Exclusive Airdrop Rewards
Alpha on The Hottest New Tokens
One of the key feaures of Best Wallet is its “Upcoming Tokens” tool, which selects the most promising crypto projects, often while still at presale, enabling users to make moves before everyone else.
Additionally, it aggregates the most rewarding staking opportunities to help users generate the most value out of their portfolios.
The Best Wallet app is on Google Play and the Apple Store and currently supports over 1,000 cryptocurrencies. It leverages Fireblocks’ MPC-CMP encryption to keep users’ assets secure.
So far, early investors have poured $11 million into Best Wallet’s $BEST token presale, making it a clear alternative to leading altcoins like Render.
Follow Best Wallet on X and Telegram.
The post AI Coin Render Bounces 18% as $242M Floods In – Is the Sell-Off Finally Over? appeared first on Cryptonews.
Read More
The Week’s Biggest Funding Rounds: Chainguard And Supabase Top Big Week