Render (RENDER) surged 16.55% within 24 hours, increased 24% over the week, and Bitcoin's dominance slightly declined from 59.61% to 59.21%. This slight change hints at the potential strength of altcoins, with the market capitalization of the artificial intelligence and big data encryption industry growing 14% in a week to reach $18.96 billion. Although Render's long-term weekly chart remains bearish with a support level at $1.32, breaking the local resistance at $1.90 could present a buying opportunity targeting $2.82, despite weekend liquidity and a 34% increase in open interest indicating short-term volatility.
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Render (RENDER) surged 16.55% within 24 hours, increased 24% over the week, and Bitcoin's dominance slightly declined from 59.61% to 59.21%. This slight change hints at the potential strength of altcoins, with the market capitalization of the artificial intelligence and big data encryption industry growing 14% in a week to reach $18.96 billion. Although Render's long-term weekly chart remains bearish with a support level at $1.32, breaking the local resistance at $1.90 could present a buying opportunity targeting $2.82, despite weekend liquidity and a 34% increase in open interest indicating short-term volatility.