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The broader cryptocurrency market is showing signs of a strong recovery from the recent sharp sell-off, which was largely driven by the ongoing political standoff between Elon Musk and Donald Trump. The turmoil sent Bitcoin (BTC) to around $100,430 and Ethereum (ETH) to $2,387 earlier this week. However, both major assets have recovered, with BTC now trading around $105,000 and ETH back to around $2,517. The rebound has also spilled over into leading altcoins like Render (RENDER), which is now attracting the attention of bullish traders.
RENDER is back on the green after bouncing off its 24-hour low of $3.48. A closer look at the charts suggests that the asset could be poised to continue its upward movement.

The 4-hour chart of RENDER shows a developing Bearish Cypher harmonic pattern, a popular technical structure often associated with near-term bullish continuation before a potential reversal.
The pattern began to form when RENDER peaked at around $4.96 (point X), then dropped to around $3.63 (point A). This was followed by a rebound to $4.14 (point B), and then a final leg down to around $3.48 (point C). From there, RENDER began a recovery, moving up to the projected point D, which is between $4.64 and $4.96.

This target zone is supported by key Fibonacci indicators: the 78.6% retracement of the XC leg and the 100% extension, both of which are commonly followed by harmonic traders. If this pattern is completed, RENDER could provide a potential upside of 20-29% from current levels.

What's next for RENDER?
The next few trading sessions are likely to be decisive. If the bullish momentum continues and RENDER breaks through the $4.64-$4.96 resistance zone, it could attract increased interest from short-term traders and algorithmic strategies tracking harmonic formations.

For now, the bulls seem to have the upper hand, but all eyes are on whether RENDER can maintain this upward trajectory in the coming days.

$BTC , $RENDER , $ETH

#TrumpVsMusk


based on materials - By CoinsProbe