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Render
RENDER·2.09-5.01%
Render (RENDER) Daily Market Analysis
By CoinStats AI
What is the latest news for RENDER?
Why is RENDER price down today?
24-Hour Price Analysis
Current Price and Change
RENDER is trading at $2.00 with a 24-hour decline of 8.39%. Market capitalization stands at $1.04 billion, with 24-hour trading volume at $83.3 million.
Market Performance Metrics
The token's broader price action reflects consolidation within a challenging technical environment. Over the past week, RENDER has declined 22.61%, indicating sustained downward pressure. The fully diluted valuation sits at $1.07 billion across a circulating supply of 518.7 million tokens.
Technical Context
What is the market sentiment for RENDER today?
RENDER Market Sentiment Analysis
Overall Sentiment Assessment
RENDER Technical Analysis: Key Support & Resistance Levels?
RENDER Technical Analysis: Key Support & Resistance Levels
Current Price Action
- Current Price: $2.00 USD
- Market Cap: $1.04 billion
- 24h Volume: $83.3 million
- Rank: #72
Price Performance
| Timeframe | Change |
|---|---|
| 1 Hour | +0.45% |
| 24 Hours | -8.39% |
| 7 Days | -22.61% |
Key Support Levels
- Primary Support: $1.85 - $1.90 (recent swing low area)
- Secondary Support: $1.70 - $1.75 (psychological level and previous consolidation zone)
- Tertiary Support: $1.50 - $1.55 (major support from extended pullback)
Key Resistance Levels
- Immediate Resistance: $2.10 - $2.15 (recent rejection zone)
- Secondary Resistance: $2.30 - $2.40 (previous consolidation high)
- Major Resistance: $2.60 - $2.75 (significant overhead resistance from prior trading range)
Chart Pattern Analysis
- Current Trend: Downtrend in effect with lower highs and lower lows
- Pattern: Bearish breakdown from consolidation range
- Volatility: Elevated volatility indicated by 22.61% weekly decline
Volume Analysis
- 24h Volume: $83.3 million against $1.04B market cap
- Volume Trend: Moderate trading activity; volume should increase on directional breakouts for confirmation
Short-Term Outlook
- Bias: Bearish
- Focus: Watch for stabilization above $1.85 support
- Key Level: Break below $1.70 would signal further downside extension
Medium-Term Outlook
- Trend: Downtrend continuation likely until support holds
- Recovery Scenario: Sustained close above $2.15 needed to challenge $2.40 resistance
- Risk Level: Elevated given recent 22.61% weekly decline