- Render (RNDR) confirms a regular bullish divergence, indicating weakening selling pressure and a possible trend reversal toward higher price levels.
- The moving average crossover (9, 21) and a positive MACD histogram suggest increasing bullish momentum, supporting the recovery outlook.
- Key resistance at $4.50–$5.00 must break for further upside, with strong demand holding RNDR above the $2.50–$3.00 support zone.
Render (RNDR) has shown technical signals suggesting a bullish trend reversal that may lead to a near 3X recovery above $10. Detailed chart analysis and momentum indicators support a changing market dynamic.
Price Action and Divergence
A tweet by JAVONMARKS notes that RNDR has printed a Regular Bullish Divergence pattern. The tweet further notes that bulls may regain control soon. This divergence pattern suggests that a bullish reversal may be in progress. Analysts monitor these levels carefully to track potential recovery.
The candlestick chart displays a clear downtrend from previous peaks. A descending support line marks the lower boundary, where prices have repeatedly bounced. Technical readings reveal that the price is making lower lows. In contrast, a momentum oscillator indicates rising lows, suggesting weakening selling pressure.
Moving Averages and MACD
The moving average crossover between the 9-day and 21-day lines has recently occurred. The shorter moving average crossing above the longer one provides an early sign of an uptrend. Price action above these averages may support continued upward movement. Traders consider this crossover a key technical signal for RNDR.
The MACD indicator adds to the bullish narrative. The MACD line currently reads 0.134 while the signal line is at -0.085. A turning positive histogram further confirms rising bullish momentum. Such technical measures strengthen the view of a recovery, as noted in the tweet.
Support and Resistance Levels
RNDR trades at approximately $3.97 and shows clear support near $2.50 to $3.00. This area is identified as a strong demand zone where buyers may step in. Maintaining prices above these levels is crucial for further gains. Traders remain cautious of price behavior around these support zones.
Resistance appears in the range of $4.50 to $5.00. Past price action in this area has shown potential selling pressure. Breaking above this resistance may open the path for higher prices. Volume confirmation is essential to support the bullish breakout, according to technical readings.
The technical signals on RNDR, including the divergence pattern and moving average crossover, suggest a potential trend reversal. Market participants monitor these levels closely while seeking further volume confirmation. The clear technical layout offers traders a measured view of RNDR’s evolving market dynamics.
