🚨 Render ($RNDR ) Market Update 🚨

📊 Trend Overview

Long correction: Mar 2024 → Apr 2025

April low → 5-wave rally, followed by deep pullback into June low (higher low)

Current structure likely an Ending Diagonal → all subwaves corrective (ABC patterns), not impulsive

📈 Key Levels

Wave 1 High: $4.72 → Break above = stronger bullish confirmation

Micro Support Zone: Above 78.6% retracement of last rally

Major Support: $3.47 – $3.48 → Must hold for local uptrend to continue

⚠️ Structure Risk

Ending diagonals lack strong impulsive confirmation

Moves may remain corrective despite upside continuation

🎯 Bullish Confirmation

Preferable: 5-wave move up from current level

Sustained pullbacks staying above $3.47 support

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