Artificial Intelligence (AI) witnessed a massive adoption in 2024, with its utility rapidly expanding to every sector. The emerging technology found its way into cryptocurrency, offering investors an innovative blend of AI-powered solutions and blockchain's decentralized infrastructure.
Render (RNDR) has been consolidating within a symmetrical triangle pattern for the past three months, indicating a period of indecision in the market. Currently, the token is holding steady near $5.50 after bouncing off a key support level, leaving traders on edge as they wait for a potential breakout.
Robinhood Crypto EU, a digital assets trading platform, sparked noteworthy market optimism for the AI token Render Network on Friday. As the trading platform revealed listing for RENDER, bullish market sentiments enveloped the digital asset's long-term prospects.
Render (RNDR) price has been struggling recently, with key metrics showing it's falling behind compared to the top three AI-focused cryptocurrencies. Despite its position in the AI sector, RNDR has been unable to attract large holders, or whales, which are crucial for driving liquidity and price movement.
Whale activity spikes as Render's price tests a key symmetrical triangle support level.