$RENDER has exploded nearly **+85% in the last 7 days**, becoming a major engine behind the AI sector’s **+18% weekly surge**. Momentum is back, price is moving fast, and capital inflows have improved — but the structure tells a more cautious story.
🔴 **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) — yet sellers still stepped in aggressively.
🕯️ **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 — a classic sign of structural resistance.
💰 **Capital Flow Confirms Strength — But Not a Reversal**
Chaikin Money Flow (CMF) paints a mixed picture:
* CMF trended higher while price fell (Oct–Jan) → **stealth accumulation**
* CMF broke its own downtrend and moved above zero → **real capital support**
* BUT… capital inflow **failed to invalidate the bearish channel**
📉 **Key Risk Alert:**
Buying pressure has dropped **~76%**, suggesting the rally may be **losing fuel** despite strong headlines.
🧠 **Bottom Line:**
$RENDER ’s move is powerful and AI momentum is real — but **until the descending channel breaks**, this remains a **counter-trend rally**, not a confirmed trend reversal.
👀 Watch closely:
• Channel breakout = trend shift
• Rejection + fading volume = pullback risk
#RENDER #ZTCBinanceTGE #AIcrypto #CryptoAnalysis
