$RENDER recently declined due to a confluence of factors including overall market weakness, technical corrections, and a temporary exhaustion of buying pressure. It is not primarily due to fundamental issues with the project. Currently, the price is more about digesting the bubble of gains expected in 2025, waiting for new liquidity and narrative catalysts.

In the short term, it is likely to continue weak oscillations or slightly test the bottom, with the $2.0 - $2.3 range serving as strong support. Unless BTC regains strength or Render suddenly announces unexpectedly high usage data and collaborations, a quick reversal is unlikely.

However, from a mid- to long-term perspective, Render, as a leading project in the DePIN + AI track, has solid fundamentals. It has holdings by Grayscale, high institutional attention, plus support from the Solana ecosystem and the BME model. If GPU rendering demand, especially AI-related needs, continues to explode in 2026, the current price offers excellent value.

This is a window where risk and opportunity coexist. Aggressive players can wait for a sign of bottoming before entering, while conservative players should continue to observe. If you find this analysis useful, give a free follow, bookmark, like, and let's chat in the comments!