🧠 Why is the price of RENDER dropping? Clear and quick analysis! 📉
🔹 Decrease of -0.94% in 24h ➜ Here's why:
1️⃣ Decline in the AI sector:
Tokens related to artificial intelligence (AI) like $RENDER have fallen by -5.32% in a tense environment (USA & Middle East). Investors have fled to Bitcoin (increasing dominance).
2️⃣ Profit-taking:
After a +30% following an announcement with Hollywood producer Andrey Lebrov, some traders took their profits. Less volume = less support for the price.
3️⃣ Technical degradation:
Price below all key moving averages 📉
RSI = 32.6 (almost in oversold territory)
Negative MACD = weak bullish momentum
Fibonacci support at $3.93 lost ➜ Next level to watch: $3.07
📌 Conclusion:
The drop in RENDER can be explained by a triple pressure: macro, technical, and psychological (profit-taking). A recovery could come if the AI sector rebounds.
📸 Visual infographic below for better understanding:
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