RENDER is now at a critical point after being suppressed for months by the descending trendline (yellow). Each rally attempt has been rejected at this line — but once again, price is testing it. This zone will decide the next major move.
---
🔎 Technical Overview
Main trend: Since the peak at $10.485, RENDER has formed consistent lower-highs under the descending resistance.
Key support: $2.505 (major historical low).
Critical resistance:
$4.592 → the “gateway” to a bullish reversal.
$5.462 and $6.702 → next bullish targets if breakout is confirmed.
$7.999 – $10.485 → major supply zone from previous highs.
In short, the $4.5 – $4.6 area is the decision point: a confirmed breakout could flip the trend.
---
🐂 Bullish Scenario
If RENDER can close a daily candle above $4.592 with strong volume, we could see:
Target 1: $5.462 (+36% from current levels).
Target 2: $6.702 (+67%).
Target 3 (extension): $7.999 – $8.908 (+100% to +120%).
A breakout here may spark a short squeeze and trigger broader bullish momentum.
---
🐻 Bearish Scenario
If the trendline once again rejects price around $4.5–$4.6, the descending triangle structure remains intact:
First support: $3.40.
Major bearish target: $2.505 (–37% from current levels).
A breakdown below $2.5 would likely lead to a deeper correction and bearish continuation.
---
🔔 Pattern & Dynamics
Current structure resembles a Descending Triangle — classically bearish, but in crypto it often acts as an accumulation before a strong breakout.
Volume confirmation is key: without it, any breakout risks being a false move.
The more times a trendline is tested, the weaker it becomes — momentum is building.
---
🎯 Conclusion
Bullish case: breakout above $4.592 opens the path to $5.46 → $6.70 → $8+.
Bearish case: rejection keeps RENDER inside the triangle, aiming for $3.4 → $2.5.
RENDER is now at a decision point — the next daily close will be crucial for direction.
---
📌 Trading Notes
Aggressive traders: may enter near current levels with a stop below $3.40.
Conservative traders: should wait for a confirmed daily close above $4.592.
Risk management: always size positions wisely, use clear stop losses, and scale profits at key levels.
---
#RENDER #RENDERUSDT #RenderNetwork #CryptoBreakout #Altcoins #TechnicalAnalysis #PriceAction #CryptoCharts #MarketOutlook
---
🔎 Technical Overview
Main trend: Since the peak at $10.485, RENDER has formed consistent lower-highs under the descending resistance.
Key support: $2.505 (major historical low).
Critical resistance:
$4.592 → the “gateway” to a bullish reversal.
$5.462 and $6.702 → next bullish targets if breakout is confirmed.
$7.999 – $10.485 → major supply zone from previous highs.
In short, the $4.5 – $4.6 area is the decision point: a confirmed breakout could flip the trend.
---
🐂 Bullish Scenario
If RENDER can close a daily candle above $4.592 with strong volume, we could see:
Target 1: $5.462 (+36% from current levels).
Target 2: $6.702 (+67%).
Target 3 (extension): $7.999 – $8.908 (+100% to +120%).
A breakout here may spark a short squeeze and trigger broader bullish momentum.
---
🐻 Bearish Scenario
If the trendline once again rejects price around $4.5–$4.6, the descending triangle structure remains intact:
First support: $3.40.
Major bearish target: $2.505 (–37% from current levels).
A breakdown below $2.5 would likely lead to a deeper correction and bearish continuation.
---
🔔 Pattern & Dynamics
Current structure resembles a Descending Triangle — classically bearish, but in crypto it often acts as an accumulation before a strong breakout.
Volume confirmation is key: without it, any breakout risks being a false move.
The more times a trendline is tested, the weaker it becomes — momentum is building.
---
🎯 Conclusion
Bullish case: breakout above $4.592 opens the path to $5.46 → $6.70 → $8+.
Bearish case: rejection keeps RENDER inside the triangle, aiming for $3.4 → $2.5.
RENDER is now at a decision point — the next daily close will be crucial for direction.
---
📌 Trading Notes
Aggressive traders: may enter near current levels with a stop below $3.40.
Conservative traders: should wait for a confirmed daily close above $4.592.
Risk management: always size positions wisely, use clear stop losses, and scale profits at key levels.
---
#RENDER #RENDERUSDT #RenderNetwork #CryptoBreakout #Altcoins #TechnicalAnalysis #PriceAction #CryptoCharts #MarketOutlook
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✅ Twitter: twitter.com/crypto_nuclear
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.