AI Coin Render Bounces 18% as $242M Floods In – Is the Sell-Off Finally Over?

Web 3 Journalist

Tim Hakki

Web 3 Journalist

Tim Hakki

About Author

A journalist and copywriter with a decade's experience across music, video games, finance and tech.

Author Profile

Share

Copied

Last updated:

March 12, 2025 12:21 EDT

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The AI-integrated Render coin (RENDER) surged 17% overnight before cooling off, reaching a 24-hour high of $3.05 after bouncing from a 7-day low of $2.61, according to CoinCodex.

Despite the brief rally, Render remains down 19% over the past week, currently trading at $3.04, up 4.4% on the day.

Other AI coins also saw gains, with Bittensor (TAO) up 6%, Story (IP) rising 6.7%, and FET rallying 7.2%, outperforming Bitcoin and Ethereum, which saw minimal movement.

Render Price Analysis: Where is RENDER Going Next?

Render leverages blockchain and AI technology to offer a decentralized service providing cost-efficient and speedy rendering power for various applications including gaming, film, and architecture.

However, its price chart over the last three months shows a coin in a pretty consistent decline.

Both support and resistance levels have dropped. The token began the year hitting a high of $9, but since March began, it has failed to breach the $4 resistance level that has formed.

Similarly, support for the token has dropped significantly, from $7 to $3 in the period under examination.

Its relative strength index (RSI) is 55 and rising, indicating some buying momentum is buoying its price in spite of wider market headwinds right now.

However, for the sell-off to truly be over, Render will need to break above the $4 resistance level and sustain its gains, or risk another downturn if momentum fades.

As AI Coins Rally, Best Wallet Funnels the Smart Money

Broadly speaking, Render, like the rest of the market, is tracking the price action of market leader Bitcoin, which has been declining since the start of the year.

Negative price swings across leading projects have driven savvy crypto investors to head towards the presales market, where they can snap up tokens at fixed floor prices before they hit exchanges, priming them for the next bull run.

One of the most popular presales right now is for leading next-gen crypto wallet Best Wallet, a rival to Trust Wallet and MetaMask, and its new native utility token, $BEST.

One of the key feaures of Best Wallet is its “Upcoming Tokens” tool, which selects the most promising crypto projects, often while still at presale, enabling users to make moves before everyone else.

Additionally, it aggregates the most rewarding staking opportunities to help users generate the most value out of their portfolios.

The Best Wallet app is on Google Play and the Apple Store and currently supports over 1,000 cryptocurrencies. It leverages Fireblocks’ MPC-CMP encryption to keep users’ assets secure.

So far, early investors have poured $11 million into Best Wallet’s $BEST token presale, making it a clear alternative to leading altcoins like Render.

Follow Best Wallet on X and Telegram.