RENDER price plummets to $1.77: Is this a prime entry point or a continuation of the decline?

As of December 4, according to the latest data from Gate, the native token of Render Network, RENDER, is trading at $1.77, a slight increase of 1% over the past 24 hours.

This price means the token has experienced a deep retracement of over 85% from its all-time high of $13.596 set in March 2024.

01 Price Status: Market Position After Deep Retracement

Currently, RENDER is in an extremely delicate and controversial price zone. At $1.77, the price is approaching its historical lowest range.

According to historical data, RENDER’s all-time low once touched around $1.12, and the current price is not far from this bottom.

From a broader perspective, this decline has caused a dramatic contraction in RENDER’s market cap. Its ranking has slipped to around 90th in the cryptocurrency market, and overall market sentiment is generally marked as “neutral,” reflecting widespread investor wait-and-see and hesitation.

Compared to the key support level of $1.88 that some analysts focused on at the end of November, the current price has slightly dipped below this level. This has raised concerns in the market about whether the price will further test lower support.

02 Future Outlook: Long-Term Forecasts from Professional Institutions

Despite weak short-term price performance, multiple analytical institutions have not completely lost confidence in RENDER’s long-term outlook. These forecasts are based on its underlying technology fundamentals and market growth potential.

Below is a summary of price forecast ranges for the coming years, compiled from platforms such as Gate:

The forecasts show that the market expects RENDER’s average price in 2025 to be roughly flat with the current level, but with large fluctuations, with lows possibly reaching around $1.14. This suggests that short-term risk has not been fully released.

The long-term outlook is relatively optimistic, and by 2030, assuming an explosion in demand for AI and decentralized computing, its price is expected to recover to the $5 range.

03 Core Narrative: The Dual Engines Supporting Value

RENDER’s fundamental value has not been completely shaken by the price drop; its core narrative still revolves around two main drivers.

First is its irreplaceable technical fundamentals. Render Network is a network that provides near real-time rendering services using a decentralized GPU processing model.

It effectively integrates idle GPU computing resources worldwide, offering more efficient and cost-effective rendering solutions for industries such as film, gaming, and AI training, compared to traditional centralized cloud services.

Second, its close association with the AI wave is a key part of its narrative. RENDER is often seen as the “Nvidia of the crypto world,” and its price trends historically show a certain correlation with the heat of the AI industry, especially the performance of giants like Nvidia.

Although this correlation has failed during the recent broad market downturn, in the long run, the story of decentralized physical infrastructure networks (DePIN) and AI computing demand remains RENDER’s most important value support.

04 Technical Signals: Bulls and Bears Battle Over Key Levels

From a technical analysis perspective, the current price level is sparking fierce battles between bulls and bears.

On one hand, the $1.88 zone has been repeatedly mentioned by market analysts as an important support and pivot level. Price action at this level (whether it can hold or rebound effectively) is seen by many traders as a key short-term signal.

Some believe that if momentum holds, there could be a move toward the $2.10 to $2.20 range from here.

On the other hand, the ongoing downtrend and weak market sentiment pose strong resistance. Investors need to pay close attention to changes in trading volume, looking for signs of a “decisive move” after the price range narrows.

05 Response Strategies: Rational Positioning in a Volatile Market

For investors with different styles, facing the current high volatility in RENDER requires distinctly different strategies.

For long-term believers and value investors, this deep retracement could be an opportunity to build positions in batches at lower costs. Using a “dollar-cost averaging” or tiered buying strategy can help average down the cost and focus on the mainstreaming of DePIN and AI applications 3-5 years down the line.

The key is to keep investment proportions within bearable limits and ensure secure asset storage.

For short-term traders, it is essential to strictly follow technical signals and risk management. The $1.88 and $1.12 (previous historic low) levels can be used as key technical reference points.

By using stop-loss and limit order functions provided by platforms like Gate, traders should set strict stop-losses when betting on a rebound to prevent unlimited losses. In the current market environment, preserving capital is far more important than chasing profits.

Future Outlook

RENDER’s future is full of contradictory lines: on one side, the cold reality of prices nearing historic lows; on the other, the grand vision of decentralized computing power networks serving the future of AI.

On trading platforms like Gate, behind the constantly updating numbers is the eternal battle between fear and greed. The price could either continue to follow the broader market and seek new lows, or, catalyzed by a technical level or industry tailwind, kick off an unexpected rebound.