RENDER Price targets 2.40 USD; buying power returns to dominance
Coinpedia
1h ago
Ai Focus
After a strong rebound in the demand range from $1.35 to $1.45, the price of RENDER is approaching the resistance zone of $2.30 to $2.40. The article states that the renewed attention to the related cryptocurrency AI and the release of Octane for 2026 by OTOY provide support for its upward trend. However, the subsequent trend will depend on whether buyers can push the price above $2.40 and hold that breakthrough.
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As the market once again focuses on cryptocurrencies related to AI, the price of Render is gaining momentum, and the decentralized GPU infrastructure has once again become the focus. The token has rebounded significantly from the demand range of $1.35 to $1.45 and is currently approaching an important resistance area. At the same time, the expansion of AI's workload and new rendering software features provide fundamental support for the network's growth narrative. The next move depends on whether buying pressure can push RENDER to break through this resistance and maintain that breakthrough.

Another development is that OTOY released Octane 2026, which includes features such as Gaussian and splats, and also expands its rendering capabilities. This software has already been used in commercial creative projects, providing a practical example of how the infrastructure of Render can support production-level workloads.

Render Price Analysis: RENDER Can it break through $2.40?

RENDER The token price is currently trading around $2.14, after a strong rebound from the demand range of $1.35 to $1.45. The daily chart shows that the token has surpassed the medium-term moving average and is making a comeback towards the resistance zone of $2.30 to $2.40. If the daily chart can continue to close above $2.40, it may confirm a stronger bullish breakout and open up room for further gains. If trading volume increases during this process, it will reinforce this signal.

On the downside, $2.00 is the level that requires immediate attention. Maintaining this position will help to sustain the current rebound structure; however, if it breaks below this level, prices could be exposed to the range of $1.70 to $1.80. If selling pressure intensifies, the area between $1.35 and $1.45 remains a more widespread support zone. The daily RSI indicator is around 64, indicating a relatively positive momentum, but it has not yet reached the usual overbought threshold of 70. Nevertheless, approaching this resistance zone could still trigger profit-taking.

AI Will growth drive up the price of the next round of RENDER?

The outlook for RENDER depends on two factors: whether the network can convert the growing computational demands of AI into sustained usage, and whether buyers can break through the resistance range between $2.30 and $2.40. If a breakthrough is confirmed, it will strengthen the rebound; if there is a decline, the token may continue to consolidate around $2.00.

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