$RENDER AT MAJOR RESISTANCE: BREAKOUT OR REVERSAL? 🚀
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> $RENDER's strong performance (+8% Tue, +2% Wed) brings it to a confluence resistance: the descending trendline (Jan 21 & May 10 closes) and the critical 200-day EMA at $4.30.
Bull Case (Breakout):
Confirmed close > $4.30 opens path to $5.35 (50% Fib retrace of Dec high $10.47 to Mar low $2.73).
Technicals support upside: RSI neutral (57), MACD uptrend strengthening momentum - reminiscent of prior AI token surges.
Bear Case (Rejection):
Failure to break $4.30 likely leads to a retest of the 50-day EMA support at $3.82.
🎯 Key Inflection Point: $4.30
Break/Hold = Bullish Signal
Rejection = Bearish Retracement Signal
