Render Network (RNDR), a key player among artificial intelligence projects, is currently one of the most talked-about initiatives in the cryptocurrency market. Particularly due to its high correlation with Nvidia, RNDR has shown significant growth in a short period. However, following a recent decline, it has reached a critical support level.
Upon examining the chart below, we can observe that RNDR has reached a strong support level at approximately 8.15 USDT. I believe this area could be pivotal. A rebound from this level could first target a recovery to around 9 USDT, followed potentially by a rise towards 11.80 USDT.
Artificial intelligence projects are not just the stars of this bull market; they are poised to remain a significant sector for the foreseeable future. If I were to choose, my investment would certainly be in AI projects.