📊 Status of $RENDER (January 19)
Current Price: It is trading between $1.98 and $2.05 USD. It lost the psychological support of $2.20 that it maintained last week.
Context of Decline: Today it fell by 10.2%, dragged down by the general drop in Bitcoin to $92k and the sentiment of "risk aversion" due to tariff announcements.
Despite today's decline, RENDER has fundamentals that others do not:
AI Immune Narrative: Even though the price is falling, the demand for GPUs for Artificial Intelligence continues to rise. RENDER is not just speculation; it is a real computing network.
Oversold: The RSI (strength indicator) shows that RENDER is entering oversold territory. This means that the "fear" has already done its job and sellers are running out.
Wall Street Tomorrow: If tomorrow the tech stocks (like NVIDIA) bounce back in New York, RENDER is usually the first to follow that movement with strength.
