Can RENDER Make a Comeback in October? Can This AI Trend Be Sustained?

It's already October, and RENDER is still hesitating about whether to rise. Currently consolidating around $3.40, down 1.82% in 24 hours, it feels a bit sluggish.

From a technical perspective:
- Resistance at $3.59; breaking through could push it to $3.80
- Support at $3.37; if it breaks, it could drop to $3.00
- RSI at 43.73, hovering in the middle, the market hasn't made up its mind yet
- AO indicator at -0.169, slightly weak, but not overly bearish

Interestingly, Coincodex data is actually optimistic: it predicts a rise to $4.39 (+30%) by early November, and possibly up to $4.16 (+23%) in the next five days. The range for October is expected to be $3.38-$4.80, with an average price of $4.35, implying a potential 15% increase.

In short, the current scenario for RENDER is: a bit sluggish in the short term, but with decent mid-term expectations. The AI hype is still there, and demand for GPU rendering remains—it all depends on whether RENDER can ride the AI trend for a comeback. If you're considering entering now, you might want to wait and see if it can hold at the support level.