RENDER is starting to move up again after testing a big resistance zone, and bulls are trying to take control on the higher timeframes. Prominent analysts Crypto Kindie and Crypto Seth pointed to a strong bounce after the token held firm at lower support levels. Now that RENDER price is pushing up against the $4.50 mark, many are watching closely to see if this momentum can last, and whether the next stop could be around $6.00.
According to Crypto Kindie, Render price bounced twice from the $2.50 level, which coincides with the May 2023 highs. This support has held through multiple retests, establishing a foundation for the latest upward move. On the weekly chart, the price has reached the $4.50 zone, an area where a previous range top and a descending trendline converge. However, at writing, RENDER trades at $4.29 and has seen some decent gains over the past day.
The price action shows a recovery phase from the mid-2024 high of approximately $11.00, with the market consolidating between $2.50 and $6.00 since then. As the current price retests $4.50, traders are focusing on whether volume will increase enough to support a breakout. Crypto Kindie also identified the weekly 50 moving average near $6.00 as a future area of interest if the current resistance gives way.
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RENDER Price Action Pushes Toward New Local Highs
Crypto Seth shared a shorter-term chart showing that the Render price is actively pushing through the $4.49 level. At the time of posting, the token reached a session high of $4.489. Seth noted that while a minor pullback is possible, the resistance zone may not hold much longer.
Technical indicators confirm this trend. The Relative Strength Index (RSI) is around 65.89, nearing overbought territory but still suggesting room for upside. The MACD also displays a bullish crossover, with a rising histogram supporting the ongoing rally. These indicators suggest positive momentum, though a temporary pause could occur if the resistance remains intact.
Outlook Ahead: $6.00 in Sight if Bulls Maintain Momentum
Render current price action suggests a potential shift in structure if $4.50 turns into confirmed support. A successful breakout and weekly close above this level could open the path toward the $6.00 zone. This level aligns with the weekly 50 moving average and may act as the next technical resistance.
Should RENDER price fail to close above $4.50, a short-term retracement toward $4.00 or lower remains possible. Still, the broader trend continues to show a series of higher lows, reinforcing the view that bulls are gaining ground. Both weekly and intraday charts show structure building toward a sustained trend, but confirmation depends on price behavior near current resistance levels.
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