RENDER jumps 85% but remains capped by long-running bearish channel

Beincrypto reports RENDER’s price has surged roughly 85% over the past seven days but remains confined within a descending channel that has been in place since early October.

The rally showed real capital support—the Chaikin Money Flow broke its downtrend and moved above zero—but price was rejected at the channel’s upper boundary and recent daily candles have long upper wicks, signaling selling pressure. Exchange outflows fell sharply over the past 24 hours, dropping from about 203,000 tokens to roughly 49,000 tokens, a 76% decline, and the AI category as a whole is up about 18% over the same period. Meanwhile, the RSI has formed a higher high while price is near a lower high, creating a hidden bearish divergence.

The divergence is not confirmed and would be locked in if the next daily candle closes below $2.48. For bulls to regain control, RENDER needs a clean daily close above $2.56 to break the descending channel and open a path toward $2.93; initial downside support sits near $2.05 (about a 14% pullback), with deeper support around $1.80 and $1.59. Capital flow helped start the rally, but momentum and demand must follow through for a sustained trend reversal.

Key Topics

Crypto, Render, Ai Sector, Chaikin Money Flow, Relative Strength Index, Exchange Outflows