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RENDER has indeed been in the spotlight these days. The 24-hour increase reached 18.85%, with the price soaring to 1.81651768, and market buying sentiment is clearly strong. Many people attribute this surge to the popularity of the AI/DePIN narrative, and numerous investors are optimistic about its potential for market capitalization growth.
From a technical perspective, bullish signals are quite evident. The 7-day, 25-day, and 99-day moving averages are all in a bullish alignment, and the MACD histogram is also showing positive momentum, supporting the recent upward price trend. In terms of market liquidity, buying pressure is significant, as seen from the rapid price increase.
However, there is a noteworthy issue— the RSI indicator has already flashed an overbought warning. The 6-period RSI has soared to 75.31, indicating that the price may face short-term pullback pressure. There are many voices in the market expecting RENDER to experience a short-term correction, with key support around 1.90.
Looking at trading behavior, although the overall capital flow concentration isn't particularly high, there are noticeable fluctuations in and out during certain periods, suggesting that price movements may involve some irregular trading patterns. Simply put, this is a rising scenario accompanied by risks— the gains are tempting, but the overbought condition should not be ignored.