$RENDER has exploded nearly **+85% in the last 7 days**, becoming a major engine behind the AI sectorโs **+18% weekly surge**. Momentum is back, price is moving fast, and capital inflows have improved โ but the structure tells a more cautious story.
๐ด **Bullish Price, Bearish Structure**
Despite the rally, **RENDER remains trapped inside a descending channel** that has been intact since early October. This means the broader trend is still bearish, with sellers maintaining control.
The recent push sent price to the **upper boundary of the channel**, but **failed to break out**. Notably, this rejection happened even though the resistance trendline is relatively weak (only two touchpoints) โ yet sellers still stepped in aggressively.
๐ฏ๏ธ **Warning Signs on the Candles**
Recent daily candles show **long upper wicks**, signaling strong selling pressure near resistance. Buyers attempted continuation, but sellers quickly absorbed demand and pushed price lower โ a classic sign of structural resistance.
๐ฐ **Capital Flow Confirms Strength โ But Not a Reversal**
Chaikin Money Flow (CMF) paints a mixed picture:
* CMF trended higher while price fell (OctโJan) โ **stealth accumulation**
* CMF broke its own downtrend and moved above zero โ **real capital support**
* BUTโฆ capital inflow **failed to invalidate the bearish channel**
๐ **Key Risk Alert:**
Buying pressure has dropped **~76%**, suggesting the rally may be **losing fuel** despite strong headlines.
๐ง **Bottom Line:**
$RENDER โs move is powerful and AI momentum is real โ but **until the descending channel breaks**, this remains a **counter-trend rally**, not a confirmed trend reversal.
๐ Watch closely:
โข Channel breakout = trend shift
โข Rejection + fading volume = pullback risk
#RENDER #ZTCBinanceTGE #AIcrypto #CryptoAnalysis
