$RENDER /USDT Analysis – Bullish Reclaim in Action🔐👇
Timeframe: 1H & 1D
Current Price: $4.94
Chart Breakdown:📊
After forming a strong BOS (Break of Structure) and a clear CHoCH (Change of Character), $RENDER has rebounded sharply from the demand zone around $4.50. The price reclaimed major EMAs (20, 50, and 100) and is now testing resistance in the $4.94–$5.00 region. The bullish candle with increased volume suggests strength.
Why Bullish?🤔💥
Strong bounce from the demand zone.
Price structure shifted from bearish to bullish (multiple CHoCH + BOS).
Stochastic RSI is rising again from oversold region – signaling momentum build-up.
RNDR respected support levels even during broader market pullbacks.
Daily candle broke above consolidation – looks ready to retest $5.17 and higher.
Best Trading Strategy Plan:👨🏫
Entry Zone: $4.85–$4.90 (on minor retracement)✅
Target 1: $5.17🎯
Target 2: $5.60🎯
Stop-loss: $4.73☣️
Trade Duration: Short-term (1–2 Days Swing)⌛
Global Sentiment Insight:🌍
AI-focused and GPU rendering narratives are back in headlines, with Render positioned at the forefront. Nvidia’s bullish earnings and institutional interest in AI infrastructure give $RENDER a boost in long-term sentiment.
🤔Traders, what’s your take on Render's price action? Do you agree with the bullish breakout strategy, or do you see a possible rejection near resistance? Share your insights – your opinions make the community sharper!
👨❤️👨"The market rewards those who wait for confirmation – not those who rush in."
Disclaimer: This post is for educational purposes only. Please do your own research before investing.