💥 Gate Square Event: #PostToWinCGN 💥
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📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
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2️⃣ Content must be at least 80 words.
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Render Nears Key Support as Analysts Eye Strength Rebound
Render is hanging around a key support zone where buyers might step back in, hinting the token could finally be ready to recover.
Traders are spotting small but hopeful price moves, showing that confidence in Render might be slowly coming back after months of pain.
With AI and GPU demand booming and partnerships like Apple and NVIDIA in sight, Render could be setting up for a real comeback.
Render (RNDR) is approaching a crucial turning point after losing its major weekly support around $2.75, according to crypto analyst Dorkchicken on X. The analyst noted that the level had held three times in 2025 before the sharp drop that followed the October 10 market crash. Render is now trading in a strong support zone that aligns with the same trendline from the 2022–2023 bear market, suggesting an area where buyers may return. The asset’s price action from mid-2020 to October 2025 paints a clear technical picture. It started trading near $0.20 in 2020 and climbed steadily within multiple parallel trendlines. A green support zone between $1,400 and $3,000 defined its consolidation range during 2021 and 2022.
Source: Dorkchicken
Price respected this region several times before soaring to nearly $12,000 in early 2022. However, a long correction phase followed, sending the asset back into a descending channel through 2023.
Long Correction Faces Test of Strength
The market structure shows that Render’s current downtrend has lasted almost 200 days longer than its 2022 slump, signaling prolonged weakness. Nevertheless, the same historical trendline continues to offer technical support
A bounce from this zone could indicate renewed strength, especially as price recently touched around $2,500 before recovering. A yellow arrow on Dorkchicken’s chart points toward potential resistance near $15,000–$18,000, while an orange circle highlights a future projection toward $48,000 along the upper trendline.
Moreover, Render’s hourly chart shows a gain of 12.32%, with the current price at $3,584, confirming a short-term rebound. The coin remains confined within layered trend channels, reflecting both short-term volatility and long-term potential.
AI and GPU Growth Fuel Optimism
Another analyst, Pro_$Render203, emphasized the project’s evolving fundamentals. “$RENDER | is fueling the Next Gen of GPUs & AI Compute,” they wrote, adding that enterprise-grade GPU solutions and affordable AI compute remain the next growth frontiers. The analyst also noted that partnerships involving Apple and NVIDIA could enhance Render’s role in future AI workflows.
As of writing, Render trades at $2.53, up 1.10% in the past 24 hours, with a 24-hour trading volume of $59.3 million, according to CoinMarketCap.
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