Render rises nearly 10% as GPU expansion fuels AI workload growth despite added Binance supply

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Render network surges 9.82% today

Highlights

The Render network expanded computational power by 60,000 GPUs, with AI workloads now making up 35% to 40% of platform jobs.
Binance added 1.5 million RENDER to its sell-side supply, increasing selling pressure at prices well below all-time highs.
RENDER/USD shows short- and medium-term bullish momentum with resistance near $1.559 and a forecast range of $1.402 to $1.634 over five days.

Increased GPU capacity drives AI use as Binance selling caps rally

The Render network boosted its computational power by adding 60,000 GPUs following governance vote RNP-023, with AI workloads now accounting for 35–40% of all jobs on the platform. Binance recently added 1.5 million RENDER, worth approximately $2.1 million, to its sell-side supply, resulting in additional selling pressure. Render continues to trade well below its all-time high levels.

Anton Kharitonov, expert at Traders Union, views the recent RENDER rally with skepticism. He notes that while there is short-term support above key moving averages, the persistent sell-side pressure from Binance raises concerns. The inability to recover above the 200-day moving average underlines a prevailing bearish structure. Oscillator divergence and mixed momentum indicators suggest buyers lack conviction. "I remain cautious on RENDER, as the fundamental headwinds and unconvincing technical setup could stall further gains," Kharitonov says.

Viktoras Karapetjanc, expert at Traders Union, sees the substantial GPU expansion as a strong growth driver for Render. He believes increased AI workloads and governance-driven improvements position the project for further upside. The network's ability to attract demand despite new supply shows market resilience. Karapetjanc states, "With AI adoption on the rise and Render scaling operations, bullish structure remains intact and the market offers multiple setups for continued gains."

Parshwa Turakhiya, analyst, focuses on the near-term trading opportunities in RENDER. He highlights the ongoing tug-of-war between buyers and sellers, as price action rides above the 20- and 50-day averages but remains capped below $1.6454. Session volatility and mixed oscillator signals point to rapid shifts in short-term sentiment. "For active traders, the current lateral range creates a dynamic setup, but monitoring support at $1.4435 and resistance at $1.559 is crucial for capital protection," says Turakhiya.

Short-term bullish bias constrained by resistance and mixed momentum

RENDER/USD is trading above both the 20-day moving average ($1.429) and the 50-day moving average ($1.3909), but remains below the 200-day moving average ($1.6454). This configuration signals bullish momentum in the short and medium term, capped by a bearish long-term trend. The Ichimoku Kijun ($1.4435) acts as the closest support, while the session high ($1.559) sets the near-term resistance. Momentum indicators show a mixed picture: the MACD flashes a sell, hinting at fading upward drive, while ADX and RSI point to moderate bullishness. Stochastic RSI and CCI are neutral, indicating no extremes, and Bull/Bear Power (BBP) is positive with buyers dominating intraday momentum. The gap to the session high is about $0.022 (1.55%), with strong upward movement and notable intraday volatility at 8.41%. Divergence among the oscillators indicates some indecision, but buyers retain near-term control.

Earlier, analysts noted that Render was exhibiting strong short- and medium-term momentum while cautioning that overbought conditions and volatility could contain gains. The latest developments confirm this directional bias amid elevated intraday swings, with traders advised to watch for a decisive move above $1.559 or below $1.4435 to signal the next trend leg.

Source of Data: RENDER Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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