$RENDER /USDT 1D Chart Analysis (Updated – May 21, 2025)
The chart shows a double bottom reversal and bullish structure forming higher lows with a strong base support around $4.21–$4.42. Price is now bouncing from the lower trendline of the ascending channel and retesting previous resistance as support.
✅ Entry Zone:
Current Price: ~$4.67
Support Zone: $4.42–$4.21
Price is above the 50 EMA and holding trendline support
🎯 Simple Targets (TP):
TP1: $5.51
TP2: $6.28
TP3 (Final): $6.31+
❌ Stop-Loss (SL):
SL Level: $4.21
(Breakdown invalidates bullish channel and double bottom)
📈 Trend Summary:
✅ Double bottom with neckline breakout
✅ Above 50 EMA and testing previous resistance as support
🟡 Higher low structure intact
🧭 Bias: Bullish above $4.44; strong continuation above $4.84