Render $RENDER is approaching a critical technical juncture as it tests a long-standing descending trendline, with a potential breakout suggesting a significant upward move.
RENDER has posted a notable 3.5% gain over the past 24 hours, currently trading at $4.22. This price level directly tests a descending trendline originating from the December 2024 high. The move brings RENDER to a pivotal resistance point, where traders are closely watching for a breakout that could signal a major trend reversal.
Breakout Scenario Targets $7.12
Technical analysis indicates a projected upside of approximately 70.96% from the current level, potentially targeting the $7.12 region. This projection is based on a measured move from the $4.22 breakout level, reflecting a price expansion of nearly 3 points. Notably, the absence of significant historical resistance between $4.22 and $7.12 enhances the likelihood of a clean upward continuation, should the breakout confirm.
Support and Resistance Zones in Focus
Immediate support remains firm at $3.99, a level that has historically acted as a pivot during both rallies and corrections. The current trading range between $3.99 and $4.22 defines the short-term market structure, and a decisive break above the upper boundary could validate bullish momentum.
Since reaching its June low near $2.80, RENDER has demonstrated a steady recovery. Consistent buying pressure has driven prices higher, setting the stage for the current breakout attempt. The descending trendline intersecting at $4.22 marks a critical resistance threshold. A sustained break above this level could open the path toward intermediate resistance in the $5.50–$5.70 zone, followed by a potential push toward the $7.00 region.
Momentum Against Major Cryptocurrencies
In addition to its USD gains, RENDER has also shown strength relative to major cryptocurrencies. It is currently trading at 0.00003579 BTC, reflecting a 3.9% gain against Bitcoin. RENDER also outperformed Ethereum over the same period, reinforcing the bullish momentum and adding confidence to the trendline test.
Conclusion
RENDER is at a technical inflection point, testing a key descending trendline at $4.22. A confirmed breakout above this level could validate a bullish structure targeting $7.12, representing a potential gain of over 70%. With volume and price action aligned, and relative strength evident against BTC and ETH, the market is now focused on whether RENDER can sustain momentum above resistance and capitalize on the breakout potential.
