Analyst Suggests RENDER Price Is Mirroring a Recurring Trend – Here’s What the Chart Shows 

2025-3-13 01:00

The price action of Render has drawn comparisons to its 2021 cycle, sparking discussions about potential future movements. A recent analysis suggests that RENDER’s price may be forming a similar pattern to its previous market cycle, with key resistance and support levels determining its next move.

Prominent analyst Hansum highlighted these similarities on X, emphasizing that $4.00 needs to be reclaimed for bullish momentum and that a break above $7.00 would invalidate the bearish outlook. The chart analysis provides further insight into these price levels and their impact on future trends.

Render Price Trends and Key Support Levels

The token has shown a pattern of ups and downs, with big jumps in 2021 and 2023, then dropping afterward. Right now it’s around $3.01, sitting on solid support between $1.80 and $2.50. This range has been a starting point for price increases before, which makes it important to keep the price stable.

If RENDER’s price remains above this support range, there is potential for a reversal. However, a breakdown below this zone could lead to further declines. Analysts observe that the $4.00 resistance level is a key threshold – regaining this level could indicate a shift toward an upward trend.

Image Source: X/Hansum Render Resistance Levels and Potential Breakout

The $4.00 resistance level has been identified as an essential point for bullish momentum. If RENDER’s price surpasses this mark, it could trigger a higher low formation, signaling trend reversal. The next resistance level at $7.00 serves as the bullish invalidation point. If the price moves beyond this, it could open the path to a rally toward $16-$20.

Failure to reclaim these resistance levels may keep the bearish scenario intact. If RENDER remains below $4.00, there is a risk of continued downward movement, with price action revisiting lower support zones.

Read Also: Celestia (TIA) Price Breaks Out: ~100% Rally Next? Here’s the Outlook

RENDER Market Indicators and Future Projections

The RSI remains below 50, reflecting weak momentum. Historically, previous oversold conditions have preceded strong recoveries, making RSI a metric to monitor. A bounce from current levels could support a bullish reversal, while further weakness may prolong the downtrend.

The chart structure suggests a potential bottoming pattern, mirroring historical movements from previous cycles. If the current trend follows past behavior, the price of RENDER may see a gradual accumulation phase before an upward breakout.

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The post Analyst Suggests RENDER Price Is Mirroring a Recurring Trend – Here’s What the Chart Shows  appeared first on CaptainAltcoin.

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