Render ($RENDER ) is approaching a crucial technical level as it tests a long-term descending trendline, with a potential breakout setting the stage for a major bullish move.

Over the past 24 hours, RENDER has gained 3.5%, now trading at $4.22 — a price that aligns precisely with a descending trendline extending from its December 2024 high. This resistance level is being closely watched by traders as a break above it could signal a key trend reversal and open the door to significant upside.

Bullish Breakout Could Target $7.12

If RENDER successfully clears this trendline resistance, technical analysis points to an upside target of around $7.12, a potential move of approximately 70.96% from the current price. This projection comes from a measured breakout move starting at $4.22, suggesting a nearly $3 rally. Importantly, the zone between $4.22 and $7.12 shows little historical resistance, which could allow for a smoother climb if bullish momentum builds.

Key Support and Resistance Levels

Immediate support is found at $3.99, a level that has served as a reliable pivot during previous market cycles. The short-term trading range is currently defined between $3.99 and $4.22 — and a sustained breakout above the upper boundary may confirm a bullish shift in structure.

Since hitting a local bottom near $2.80 in June, RENDER has been on a steady recovery path. Consistent upward price action and buying interest have helped it climb toward this current inflection point. A confirmed break above $4.22 could first target intermediate resistance between $5.50 and $5.70, before potentially testing the $7.00–$7.12 region.

Relative Strength Against BTC and ETH

Beyond its USD performance, RENDER is also outperforming major cryptocurrencies. It’s currently trading at 0.00003579 BTC, a 3.9% gain versus Bitcoin, while also showing strength against Ethereum. This relative outperformance underscores bullish sentiment and adds credibility to the current breakout test.

Summary

RENDER is testing a pivotal descending trendline at $4.22, with strong upside potential if a breakout is confirmed. A move above this resistance could pave the way toward $7.12, representing a gain of over 70%. With increasing volume, bullish price action, and solid relative strength versus BTC and ETH, market focus now shifts to whether RENDER can sustain this momentum and capitalize on its breakout potential.

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