$RENDER On the RENDER/USDC chart, there are clear signs of fear among investors. The price has sharply fallen from 4.213 to 3.719, breaking through short-term support.

Key facts:

1. MA(7) and MA(25) – Moving averages show a trend reversal:

• MA(7) = 3.851

• MA(25) = 3.936

• The price is below both values, confirming downward pressure.

2. RSI (Relative Strength Index):

• RSI(6) = 22.437 (strongly oversold, but still no rebound).

• RSI(12) = 38.731 (below neutral 50, suggesting continued declines).

• RSI(24) = 49.965 (approaching market weakness level).

3. MACD and volume:

• Volume increased during the declines, suggesting selling panic.

• MACD still indicates a downward trend, with no clear reversal.

Forecast:

The current technical setup suggests further declines. We may see a test around 3.4, and if this level does not hold, the price could drop to 2.9, where stronger support lies (previous consolidation). Only after reaching this level might we see further upward tests.

This is not yet the moment for a price surge – the downward trend still dominates.