⚡️ Render holds above $2 – Will bulls face one more shakeout?

Render [$RENDER ] saw a good start to 2026. It saw a price growth of 85% in the first week of January, far outstripping its artificial sector peers Chainlink [LINK] and Bittensor [TAO].

Since then, the Open Interest has tailed off by nearly 30%, Coinalyze data showed. While the breakout past the psychological $2 former resistance was encouraging, the price has come back to the same demand zone.

A recent measured the on-chain metrics of RENDER against another AI token, Artificial Superintelligence Alliance [FET]. The report found that Render metrics did not measure favorably to FET.

Moreover, the longer-term downtrend on the price chart remained unbroken.

🔸 Can RENDER bulls turn this situation around?

The positive signs were there. The OBV made a new high when RENDER rallied to $2.71 two weeks ago, showing buyers were dominant in the market. The daily RSI also remained above neutral 50, showing upward momentum was not fully expunged by the retracement.

While the indicators and the stability above $2 in recent days were promising, they also warned of a precarious position for the bulls. The $2.94 swing high from November was not breached during the recent rally, which meant the long-term downtrend was unbroken.

🔸 Why traders should wait for a dip

The liquidation map showed that the cumulative short liquidation leverage nearby could drag prices lower. The $1.86-$1.88 area could be a key short-term liquidity target that RENDER prices would be drawn to.

This area lies within the higher timeframe former supply zone from $1.68-$1.86 from November.

Therefore, traders can wait for a sweep of this region before looking to buy Render tokens. The cumulative long liquidation leverage above $2.15 could attract prices higher after a dip toward $1.80.

‍#Render