Token

bullish

Render

Divergence

<p>The cryptocurrency market has its eyes on <a href="https://captainaltcoin.com/is-the-render-price-gearing-up-for-recovery/" target="_blank" rel="noopener noreferrer nofollow">Render Token (RENDER)</a> as bullish momentum builds following a technical breakout. Crypto analyst DamiDefi highlights a significant RSI flip for RENDER, suggesting potential gains reminiscent of a 900% surge observed in previous cycles. The token’s price has broken a long-standing trendline, raising speculation about whether it can reach the ambitious $30 target.</p>
<h2 class="wp-block-heading" id="render-chart-analysis-technical-breakout-signals-bullish-momentum">RENDER Chart Analysis: Technical Breakout Signals Bullish Momentum</h2>
<p><a href="https://captainaltcoin.com/why-is-render-price-exploding-heres-the-outlook-on-the-bull-run/" target="_blank" rel="noopener noreferrer nofollow">Render’s price</a> action has caught the attention of traders after breaking a descending trendline that had restrained upward movement. The trendline, which connected a series of lower highs, now serves as a foundation for bullish sentiment. Historical patterns on the chart reveal similar trendline breakouts marked by strong rallies.</p>
<p>The recent candlestick formations are indicative of buyer dominance, with large bodies and minimal upper wicks. This momentum suggests the breakout is more than a short-term move, setting the stage for a potential price surge.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="544" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-1024x544.png" alt="" class="wp-image-584164" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-1024x544.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-300x159.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-767x408.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-1536x817.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-2048x1089.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-282x150.png 282w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-658x350.png 658w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-602-788x418.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-602.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/DamiDefi/status/1858472175646507430" target="_blank" rel="noopener noreferrer nofollow">X/DamiDefi</a></em></strong>
 </figcaption>
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<p>One of the standout signals on RENDER’s chart is the RSI (Relative Strength Index) flipping above the mid-level of 50. Historically, such movements have led to exponential price increases, as noted by DamiDefi. The analyst emphasized that the last time RSI flipped in a similar fashion, RENDER saw a remarkable 900% pump.</p>
<p>The RSI’s upward trajectory reinforces strong buying activity. This metric, combined with the trendline breakout, adds weight to the bullish case for RENDER.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/kaspa-price-surges-as-analyst-claims-kas-is-in-its-own-league/" target="_blank" rel="noopener noreferrer nofollow">Kaspa Price Surges as Analyst Claims KAS Is ‘In Its Own League’</a></strong></em></p>
<h2 class="wp-block-heading" id="key-levels-to-watch-support-and-resistance-zones">Key Levels to Watch: Support and Resistance Zones</h2>
<p>With the trendline now acting as support, the immediate price floor lies in the $6.50–$7.00 range. This zone is critical for maintaining upward momentum. On the upside, $10 emerges as the first psychological resistance, while the tweet from DamiDefi sets a $30 target.</p>
<p>Intermediate resistance at $20 could serve as a checkpoint before the token tests higher levels. Fibonacci extensions align with these projections, supporting the case for long-term growth.</p>
<p>Furthermore, the Moving Average Convergence Divergence (MACD) indicator adds another layer of optimism. While not explicitly highlighted, the divergence between MACD lines and price bottoms suggests sustained bullish potential.</p>
<p>As traders monitor <a href="https://coinmarketcap.com/currencies/render/" target="_blank" rel="noopener noreferrer nofollow">RENDER’s price </a>movements, attention remains on its ability to hold above key support levels and continue building momentum toward $30.</p>
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<p>The post <a href="https://captainaltcoin.com/render-price-breaks-key-trendline-as-analyst-claims-30-could-be-within-reach/" rel="noopener noreferrer nofollow">RENDER Price Breaks Key Trendline As Analyst Claims $30 Could Be Within Reach</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

RENDER Price Breaks Key Trendline As Analyst Claims $30 Could Be Within Reach

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