RENDER: AI Casino Reopens — Four Days of Frenzy After a -86% Hellish Plunge

Five days ago, I wrote an article about RENDER titled "86% Illusion." At that time, the price was $1.91. Today it’s $2.36. This isn’t “I got it right”—this is the market telling us in the most brutal way: AI narratives have never left; they’ve just gone to take a bit of warmth from NVIDIA’s earnings report.

Data explosion: 394 daily active addresses—highest in 12 weeks. 118 new wallets—irrefutable proof that new users are entering, not old “veterans” rotating positions. Futures trading volume is $377 million, up 174%. Open interest is $124 million, up 60%. In the last 24 hours, short liquidations were $700,000, while long liquidations were only $120,000—the market direction is already very clear.

On the technical side, RENDER has broken through two key resistance levels: 0.382 Fib ($1.83) and 0.5 Fib ($2.20). Parabolic SAR is at $1.78—far below the current price—confirming that the daily trend has fully flipped bullish. The next target is 0.618 Fib at $2.56, followed by $2.83 and the FVG range of $3.00 to $3.20.

My strategy: $2.20 is the position the bulls must defend—this is the 0.5 Fib, and a critical area where prior resistance has turned into support. If the daily close falls below $2.20, the momentum of this rebound will be greatly weakened. But if $2.56 is broken—RENDER will return to everyone’s radar, including those old “veterans” who bought back when it was above $5.

Risk warning: The rally has happened too fast over four days, so short-term profit-taking is definitely coming. A pullback to the $2.20–$2.30 range is healthy. Remember: the AI sector’s story is on an annual level, not just four days.

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