$RENDER surges to $2.07 as AI model training demand creates a squeeze on compute supply.
What's Happening:
Render Network utilization hits 95% capacity.
Partnership with major Hollywood studio for CGI rendering rumored.
Token migration from RNDR to RENDER nearly complete.
Price breaks out of a 6-month accumulation zone.
Why It Matters:
Compute is the oil of the 21st century. Render creates a marketplace for idle GPU power. As AI and Metaverse demands grow, Render supplies the shovels for the gold rush.
Technical View:
Strong impulse move. Next resistance is $2.50. Support re-established at $1.80. RSI is overbought, so a cooldown or retest is healthy before continuation.
🎯 Key Levels:
Support: $1.85 | Resistance: $2.50
24h Range: $1.80 - $2.15
💡 "Don't buy the hardware; buy the network that monetizes it. Render is the Airbnb of GPUs."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#RenderNetwork #RENDER #Depin #AI #GPU
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
