RENDER Currency Update — July 4, 2025

■ Current Situation: The currency has broken through the descending channel, which is a positive indicator in the medium term. The price is currently moving below the resistance (3.404 — 3.307), and breaking through and stabilizing above it will support the continuation of the upward trend and surpassing previous peaks.

■ Initial Targets:

First Target: 3.549 — 3.629 (+10.8% to +13.3%)

Second Target: 4.059 — 4.178 (+26.7% to +30.4%)

Third Target: 5.146 — 5.342 (+60.7% to +66.8%)

■ Current Support:

3.070 — 2.967 (−4.1% to −7.3%)

■ Next Support: 2.745 — 2.667 (−14.3% to −16.7%)

■ Summary: The currency is in a positive position after breaking the descending channel, and breaking the resistance (3.404 — 3.307) supports targeting higher levels reaching up to (5.146 — 5.342). However, breaking the support (3.070 — 2.967) may push the price down towards the next support (2.745 — 2.667).