RENDER is back in the spotlight after jumping more than 7% in just 24 hours. Interestingly, that price surge came while trading volume dropped by over 22%, which adds a bit of mystery to the breakout. With RenderCon just around the corner, both chart watchers and fundamentals-focused traders are paying close attention. At the time of writing, RENDER price is trading at $3.07.
On X, well-known analyst Rendoshi Tokamoto highlighted a “huge bullish divergence on the daily chart,” hinting that RENDER could be gearing up to outperform other altcoins soon. Sherif, another crypto voice with more than 100k followers, also chimed in, noting that RENDER “jumped to $3.03” after cleanly breaking through the $2.90 resistance level with solid momentum.
What you'll learn 👉
RENDER Technical Setup Points to Possible Trend Reversal
Chart analysis of RENDER price shows a long-term descending trendline, formed from consistent lower highs since November 2024. The asset now trades just below this key level, setting the stage for a potential breakout.
A double bottom has formed near the $2.30–$2.40 range, typically viewed as a bullish reversal signal. RSI indicators support this, with a clear bullish divergence. While price action made a lower low, RSI formed a higher low and has been climbing, currently moving toward the neutral 50 mark. This pattern suggests growing buyer strength.
RENDER Price Resistance Breach and Event Momentum
Market watchers flagged $2.90 as a resistance zone. The breach of this level was noted by Sherif, who described the breakout as clean and supported by momentum. However, while the RENDER price moved upward, volume declined, which may call for caution in short-term projections.
RenderCon, scheduled for April 15, 2025, may influence sentiment. It is Render Network’s first in-person conference, to be held at Nya Studios in Hollywood, California. The event will feature founder Jules Urbach and focus on the future of media, art, and distributed GPU computing.
Moreover, the upcoming proposal “RNP-019” seeks to extend RENDER emissions to AI and general compute nodes. This update expands the token’s utility beyond GPU rendering to broader compute applications.
Read Also: 5 Reasons Cardano (ADA) Price Might Reach $7 (12x) in 2025
$RENDER jumps to $3.03, breaking out with strong volume!
— Sherif | DeFi (@SherifDefi) April 8, 2025
🐦🔥 Price cleared $2.90 resistance cleanly, momentum looks intact
Plus, the proposal "RNP-019" is going to expand @rendernetwork emissions to AI & general compute nodes
🗯️ Is this the first leg of a larger rerate? https://t.co/24wqsK6qBT pic.twitter.com/7V7ck62pFV
Traders view such protocol upgrades as a possible catalyst for long-term valuation. Combined with a technical reversal setup and RenderCon’s timing, market activity could reflect both speculative positioning and renewed investor interest.
Sentiment and RENDER Short-Term Expectations
Market sentiment appears optimistic across select altcoins. According to Rendoshi, many tokens may be forming local bottoms, suggesting a broader shift in trend. The price of RENDER is seen as positioned to potentially lead this movement, especially if it clears the $3.60–$4 trendline resistance.
Whether this is the start of a longer parabolic trend remains to be confirmed. For now, traders are closely watching the breakout structure and upcoming network updates.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
