The prices of Fetch.ai (FET) and Render (RNDR) have declined recently amid broader market turbulence.
Current Price Performance
- Fetch.ai (FET): $1.31 (9.41% daily drop, 22.68% weekly decline).
- Render (RNDR): $7.81 (3.27% daily decrease).
Why Fetch.ai (FET) Is Down
Market Confusion & Binance Announcement
A Binance announcement labeling FET as a "delisting" instead of a rename to ASI triggered investor uncertainty. Analysts noted:
"They couldn’t shake people out of $FET, so they labelled it as a delisting rather than a rename to $ASI. Binance just helped form a -18% daily candle." — PostyXBT
Technical Outlook
- Key Support: $1.15. Holding here may lead to a rebound toward $1.5–$1.6.
- Risk: Losing $1.15 could push FET toward lower support levels.
Concerns Over Market Manipulation
Critics argue the delisting narrative was used to induce panic selling. Whales allegedly exploited the confusion, as FET transitions to ASI without an actual delisting.
👉 Track FET’s real-time recovery potential
Render (RNDR) Price Analysis
Trading Strategy & Key Levels
- Buy Zone: $7.50 (spot order target).
- Critical Support: $7.30. A dip here may precede a bullish reversal.
Elliott Wave Theory Perspective
Analysts describe RNDR’s drop as a Wave 4 pullback (ABC correction pattern), signaling investor fatigue before potential upward momentum.
FAQs
Q: Is FET being delisted?
A: No. FET will merge into ASI (Artificial Superintelligence Alliance).
Q: What’s driving RNDR’s volatility?
A: Broader crypto market swings and profit-taking after recent rallies.
Q: Should I buy the dip?
A: Monitor FET’s $1.15 support and RNDR’s $7.30 level for confirmation.
👉 Explore AI crypto trends further
Keyword Integration:
- AI cryptos
- Fetch.ai (FET)
- Render (RNDR)
- Price plunge
- Binance delisting confusion
- Technical analysis
- Market manipulation
- Elliott Wave Theory