RENDER trades near $1.83 after an 86% drop from its peak, while AI tasks now make up 35% to 40% of network usage.
RENDER is trading far below its peak, but network data shows a different picture.
The token is down about 86% from its high, while usage across the Render Network continues to grow.
AI workloads now account for about 35% to 40% of network activity, and this has added attention to token burns, demand, and the RENDER price chart.
Network Usage Grows as Token Price Lags
Render Network activity has continued to draw attention despite the price drop. The gap between price and usage remains a key market topic.
RenderCon 2026 drew attention from major technology and media names. Reported participants included NVIDIA, WME, and Stability AI.
$RENDER is down 86% from its peak, but the network is humming.
RenderCon 2026 drew NVIDIA, WME, and Stability AI .
AI tasks now make up 35-40% of usage, accelerating token burns.
The price lags the usage & gaps like that don’t last. pic.twitter.com/0eSckj8eOn
— Dami-Defi (@DamiDefi) May 19, 2026
AI-related tasks now make up about 35% to 40% of usage. This shift has increased focus on compute demand across the network.
Higher usage can also support token burn activity through network operations. Market participants are watching whether usage growth will meet stronger token demand.
RENDER Price Trades Near Key Fibonacci Level
RENDER/USDT is trading near $1.83 on the daily chart. The token sits close to the 0.786 Fibonacci level at $1.869.
This zone is important because price is trying to hold above a wider support area. That range sits between $1.50 and $1.87.
The chart shows that RENDER remains in a weak broader trend. The token failed to hold resistance at $2.366, $2.714, and $3.062.
After losing those levels, price returned to the lower retracement area. A recent bounce from near $1.23 showed demand at lower prices.
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RENDER’s Network Hits New Highs as Price Stays Deep in Drawdown
Technical Indicators Show Mixed Momentum
The first resistance for RENDER is near $1.87. A daily close above that area could support a move toward $2.36.
The $2.36 level is the 0.618 Fibonacci retracement. If price builds momentum, traders may then watch $2.71 and $3.06.
Support remains near $1.50, and the next major level is close to $1.23. A break below $1.50 would weaken the current recovery.
A daily close below $1.23 would place sellers back in control. It would also show that the recent rebound has failed.
The MACD is nearly flat on the daily chart. The MACD line is slightly above the signal line, but momentum remains weak.
The RSI is near 47, while its moving average is near 54. This places RENDER in a neutral momentum zone.
A move above 50 on the RSI would improve short-term strength. A push toward 60 would show stronger buyer interest.
For now, RENDER is attempting a recovery inside a larger downtrend. Bulls need to reclaim $1.87 and $2.36 to improve the structure.
Bears remain active while price stays below those levels. The main downside levels remain $1.50 and $1.23.
The RENDER market now shows a split between price action and network activity. The token is down sharply from its peak, but usage data remains active.
The post RENDER Down 86% – But Network Activity Is Telling a Different Story appeared first on Live .
