Is This the Setup That Sends Render (RENDER) Price Back Toward Double Digits? Here’s What the Chart Reveals
Render price is starting to wake up again. After weeks of drifting sideways, the token has suddenly popped more than 15% this week, and traders are buzzing about a possible breakout.
Analyst Rendoshi Ondomoto thinks this could be the setup that finally pushes Render back toward double digits, so let’s break down what’s really happening on the chart.
RENDER Price Finds Its Footing at Support
For months now, Render has been bouncing around in a big range, with $3.00 acting like a safety net. Every time the price dipped into that area, buyers stepped in to hold the line. This time was no different.
RENDER price has jumped off that level and is now trading just over $4.00, showing that bulls aren’t ready to give up yet.
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The exciting part is where the price sits right now. It’s pressing against a long-term downtrend line that’s been weighing on Render since mid-2023.
If it can finally break through that wall, the whole picture changes, and it opens the door for a much bigger rally.
Moreover, it’s not just price action that looks good. The RSI on the weekly chart has been stuck under its own downtrend for months, but that’s breaking to the upside too.
That shift in momentum is often a signal that the trend is turning, and when both the chart and indicators line up, it usually means something big is brewing.
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Can Render Really Get Back to Double Digits?
If this breakout sticks, the next big resistance doesn’t show up until way higher, around the $11 to $12 zone, which was last hit in 2023. That’s almost a 200% climb from here, and it’s the level traders are already eyeing as the next big target.
Of course, if Render price can’t push past the downtrend line, it might slip back toward $3.00 support again. But right now, the setup looks strong, and bulls seem to have momentum on their side.
RENDER has been quiet for a while, but this breakout attempt has put it back on traders’ radar. With support holding, momentum turning bullish, and clear upside targets on the chart, RENDER price could be gearing up for its most important move in months.
Whether it actually makes it back to double digits depends on what happens in the coming weeks, but the setup is definitely worth watching.
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