RENDER Hits $5 Billion Market Cap, Strengthening Its Position Among AI Coins

RENDER price recently surged, and the coin achieved a market cap of $5 billion, cementing its position as one of the leading AI coins. While its EMA lines indicate a strong uptrend, with RENDER price above all key averages, shifting market sentiment has led to a negative BBTrend, signaling potential challenges ahead.

If momentum recovers, its price could test resistance, possibly overtaking TAO as the largest AI coin. However, if the negative trend deepens, RENDER could face a correction.

RENDER Is Attracting Attention, But Not As Much As VIRTUAL

Render currently ranks third in social dominance among the top five artificial intelligence coins, based on a 7-day moving average.

While it trails FET and remains well behind VIRTUAL, both of which have seen increasing social attention in recent weeks, RENDER strong market presence ensures it remains a key player in the artificial intelligence space.

Top 5 AI Coins and their Social Dominance (Moving Average, 7 Days). Source: Santiment

In terms of market cap, RENDER is second at $5.18 billion, slightly behind TAO at $5.22 billion, suggesting the two could soon swap places.

RENDER is also the second-best performer among the top five AI coins over the last 30 days, with a remarkable 128% price increase, second only to VIRTUAL’s staggering 367% growth.

RENDER BBTrend Is Now Negative

Despite the recent price surge, data suggests that traders may be shifting their attention away from RENDE) to other AI coins or alternative narratives.

This change in focus aligns with a noticeable shift in RENDER BBTrend, which remained positive from November 30 to December 4, peaking at 14 on December 1. However, the BBTrend has since turned negative, currently sitting at -2.9, signaling a sharp reversal in momentum.

RENDER BBTrend. Source: TradingView

The BBTrend (Bollinger Band Trend) measures price momentum relative to Bollinger Bands, with positive values indicating upward pressure and negative values reflecting downward pressure. RENDER rapid shift into negative territory suggests growing selling pressure or reduced buying interest, potentially marking the start of a consolidation phase or a price correction.

If the BBTrend continues to decline, it could signal further weakness for RENDER, particularly as market attention appears to be drifting toward other assets.

RENDER Price Prediction: Can The Uptrend Make RENDER Reach $11.9?

RENDER price maintains a bullish setup in its EMA lines, with short-term averages positioned above long-term ones and the current price trading above all of them. This configuration shows the ongoing uptrend, suggesting the potential for further upward momentum if market conditions remain favorable.

Should the BBTrend recover and the uptrend strengthen, RENDER price could test key resistances at $10.8 and $11.9, potentially surpassing TAO’s market cap to become the largest AI coin by valuation.

RENDER Price Analysis. Source: TradingView

Conversely, if the BBTrend continues its negative trajectory and the current trend reverses, RENDER price may face a decline toward support levels at $9.2 and $8.2.

A failure to hold these supports could push the price further down to $7.1, marking a significant correction.

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