concise technical analysis and trade signal for $RENDER
/USDT based on the current data:
Technical Analysis Summary – RENDER/USDT
Trend: Bullish momentum, price is pushing towards 24h high
Current Price: 4.274 USDT
Resistance Zone: 4.28 – 4.30 USDT
Support Zone: 4.00 – 3.90 USDT
Indicators:
RSI: Likely approaching overbought (>70) – strong buying pressure
Volume: High volume confirms strength of current move
SMA (Short-term): Price above short-term moving average – bullish confirmation
Trade Signal: Long (Buy)
Entry: Around 4.25 – 4.27 USDT (on minor pullback or breakout above 4.28)
Momentum:
Strong upward momentum
High volume + breakout potential = favorable for short-term long trade
Targets:
🎯 Target 1: 4.40 USDT
🎯 Target 2: 4.60 USDT
🎯 Target 3: 4.85 USDT
Stop-loss: 3.89 USDT (just below recent low)
