RENDER price could be ready for some spike based on technical analysis by Cihan Türkmen on X. The analyst chart shows a potential breakout that could send the token soaring. At the time of writing, RENDER is trading just above $4.00, and market watchers are closely eyeing the $4.50 resistance level as the next key inflection point.
According to Türkmen’s roadmap, the $4.50 level acts as a gatekeeper. If the RENDER price manages to close above this level on the daily chart, the next target is $6.40. From there, the chart hints at a brief correction—a healthy pause before potentially continuing higher toward the $10 mark.
This $10.00 zone isn’t just a round number; it’s a significant technical level that, if broken with strong volume, could open the doors to a major rally.
From $10.00, things could really take off. Türkmen outlines a scenario where the RENDER price skyrockets to $38.00, representing a 262% gain from the breakout. But this optimistic target isn’t just about chart patterns—it would also require a major influx of capital and market cap expansion to materialize. As he points out, “This scenario is highly dependent on new capital inflows and market cap expansion.”
What Happens If RENDER Price Gets Rejected?
Not every scenario points up. If the price fails to break above $4.50 and gets rejected, a drop back to the $2.50 zone is likely. Interestingly, this wouldn’t necessarily be a bearish outcome in the long term. A revisit of the $2.50 level could complete a triple bottom pattern—a bullish reversal formation that often signals a strong recovery ahead. In that case, the move downward might set the stage for an even more explosive rally afterward.
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Looking at the chart shared by @noktali_kanca, we can see these levels marked clearly. The $10.338 level is drawn as a major breakout point, followed by a massive target area at $38. The price has shown historical sensitivity around these zones, and the structure of the chart supports the possibility of a parabolic move if conditions align.
For now, all eyes are on $4.50. Whether RENDER can push through or gets rejected here will likely shape the next big chapter in its price journey.
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