RENDER, kapitalisasi pasar lebih dari 1,2 miliar dolar AS dan peringkat berubah secara cepat… indikator aliran on-chain menunjukkan 'sinyal konsentrasi' sementara indikator RSI memberikan peringatan teknis

Recent growth of Render(RENDER) has created fluctuations in market capitalization rankings beyond ATOM·FIL. As of Tuesday, the current price is $2.24 with a -5.38% adjustment over 24 hours, but on a 7-day basis, it maintains a +3.26% upward trend. This suggests that recent surges are undergoing some correction phase.

Market cap surpasses $1.2 billion… Reorganization of altcoin rankings

RENDER, as a decentralized GPU network, has recently achieved notable market performance. With a circulating market cap of $1.16B(114,003 holders), it has caused a ranking shift beyond existing major altcoins. Whether this growth is truly demand-driven or simply volatility remains a key market point of interest.

On-chain indicators indicate ‘increased participation’

Beyond simple price increases, examining actual network activity figures reveals signals of expanded participation.

Daily Active Addresses(Daily Active Addresses) surge: A significant increase in network activity compared to recent weeks suggests actual demand is recovering.

Futures Open Interest(OI) expansion: New positions are accumulating in the exchange futures market, indicating leverage participants are entering.

Trading volume recovery: Daily trading volume($4.75M 24h) shows a steady upward trend compared to last month, reflecting actual liquidity inflow.

Technical analysis: ‘Signals’ sent by RSI indicator vs. target price

RSI indicator and overbought risk: Currently, RSI has entered the overbought zone(above 80). From the RSI perspective, this indicates strong upward momentum but also a ‘critical point’ where a significant correction could occur. The recent -5.38% adjustment over 24 hours supports this.

Moving average technical indicators: The price has broken above the 50-day and 100-day EMA, with the 200-day EMA level acting as resistance.

Support levels during correction phases: If a correction deepens at the current price, the vicinity of the 100-day EMA is likely to serve as a key support.

Conclusion: Participation has increased, but RSI warns of short-term volatility

RENDER’s rise is supported not just by speculation but by actual on-chain participant growth, which is positive. However, considering the overbought condition indicated by RSI and recent correction signals, it is necessary to prepare for increased price volatility in the short term.