RENDER Gains 10%, Leads AI Coins but Faces Bearish Indicators | Airdrop Alert Pro

RENDER price has increased by more than 10% in the past 24 hours, solidifying its position as the largest AI token by market capitalization, ahead of competitors such as FET and TAO. Despite this recent surge, on-chain data reveals mixed signals about its future trajectory.

Whale activity has dropped to its lowest level since December 2022, and the BBTrend indicator turned negative, suggesting weakening momentum. With the EMA lines presenting both bullish and bearish possibilities, RENDER faces a critical moment that could lead to new highs or a major correction.

RENDER Whale population hits lowest level since 2022

Although render price It has risen 56% in the past 30 days and now has a market capitalization of nearly $5 billion, ranking among the largest Artificial Intelligence Coinwhale activity tells a different story. The number of addresses holding between 100,000 and 1,000,000 RENDER has dropped to 151, which is the lowest level since December 2022.

This decline suggests that large holders or “whales” have not added to their holdings during the recent price surge, which may indicate a lack of confidence in continued upward momentum. Without whale support, the rally may struggle to maintain its strength, resulting in make it Vulnerable to potential sell-offs.

Tracking whales is crucial as they often play a key role in driving market trends. Their buying activity could signal bullish sentiment, while their selling or lack of accumulation could signal a price correction. The steady decline in RENDER whale addresses over the past few weeks highlights a worrying trend.

This suggests that major investors may be reducing their positions, potentially limiting price gains in the short term. If this pattern continues, render price It may face greater selling pressure and find it difficult to maintain the current momentum.

RENDER BBTrend is now negative

RENDER’s BBTrend indicator currently stands at -4.13, its lowest level since November 29. After remaining positive between December 7 and 10 (peaking at 17.6 on December 8), BBTrend has now turned negative.

This shift indicates that RENDER has moved from a bullish to a bearish phase, reflecting declining momentum and increasing downward pressure on price.

BBTrend, or Bollinger Bands Trend, uses Bollinger Bands to measure the strength and direction of a price trend. Positive BBTrend values ​​indicate a strong bullish trend, while negative values ​​indicate bearish momentum.

and make it BBTrend turned negative and the price may face resistance in sustaining the upward momentum. If bearish sentiment persists in the short term, it could lead to consolidation or further downside.

RENDER Price Prediction: Is $10 or $8 Next?

RENDER’s exponential moving average (EMA) line presents a mixed outlook. The shortest EMA line recently crossed the longer EMA line, indicating bearish momentum. However, it has started to rise again and may soon move back above, which would indicate a potential bullish reversal.

If such a bullish crossover occurs, it could spark fresh buying interest, pushing render price Testing resistance at $10.8. A break above this level could push the price further towards $11.9, taking its market capitalization to approximately $6.2 billion.

Despite this possibility, data from Whales and BBTrend suggest bearish momentum is building. A downward trend may result in render price Testing the support at $9.2, if it fails to hold this level, the price may fall further to $8.2 or even $7.1.