Date: Sat, Aug 16, 2025 | 07:45 AM GMT
The cryptocurrency market is undergoing a healthy cooldown as Ethereum (ETH) eases to $4,440 from its recent peak of $4,780. The pullback has weighed on most major altcoins — including Render (RENDER).
$RENDER has turned red today, and its current chart structure reveals a familiar price behavior, which may offer clues about what’s next.
Source: Coinmarketcap
Familiar Pattern Hints at Potential Pullback
On the daily chart, RENDER continues to trade within a falling wedge formation — a structure that often resolves bullishly over the long run. But in the short term, a repeating fractal raises caution.
In June, RENDER broke below both its 100-day moving average and RSI-based support. That breakdown triggered a sharp 34% decline, sending price to the wedge’s lower support near $2.75.
Render (RENDER) Daily Chart/Coinsprobe (Source: Tradingview)
Fast forward to now, and the setup looks strikingly similar. RENDER is again testing its 100-day moving average around $3.91, along with the RSI’s moving average line near 49.57. This confluence of supports mirrors the June setup almost exactly.
What’s Next for RENDER?
If history repeats, a breakdown beneath these levels could spark another correction, dragging RENDER toward the wedge’s lower boundary around $2.70 — a decline of nearly 30% from current prices.
However, all is not lost for the bulls. If buyers can defend the 100-day MA and push the price above the recent swing high of $4.26, it would invalidate the bearish fractal. Such a move could shift momentum back in favor of an upside breakout from the wedge.
For now, RENDER sits at a critical inflection point, and traders will be watching closely to see which side gains control.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Render (RENDER) Testing Key Fractal Support – What Could Come Next?
Date: Sat, Aug 16, 2025 | 07:45 AM GMT The cryptocurrency market is undergoing a healthy cooldown as Ethereum (ETH) eases to $4,440 from its recent peak of $4,780. The pullback has weighed on most major altcoins — including Render (RENDER). $RENDER has turned red today, and its current chart structure reveals a familiar price behavior, which may offer clues about what’s next.
Source: Coinmarketcap Familiar Pattern Hints at Potential Pullback On the daily chart, RENDER continues to trade within a falling wedge formation — a structure that often resolves bullishly over the long run. But in the short term, a repeating fractal raises caution. In June, RENDER broke below both its 100-day moving average and RSI-based support. That breakdown triggered a sharp 34% decline, sending price to the wedge’s lower support near $2.75.
Render (RENDER) Daily Chart/Coinsprobe (Source: Tradingview) Fast forward to now, and the setup looks strikingly similar. RENDER is again testing its 100-day moving average around $3.91, along with the RSI’s moving average line near 49.57. This confluence of supports mirrors the June setup almost exactly. What’s Next for RENDER? If history repeats, a breakdown beneath these levels could spark another correction, dragging RENDER toward the wedge’s lower boundary around $2.70 — a decline of nearly 30% from current prices. However, all is not lost for the bulls. If buyers can defend the 100-day MA and push the price above the recent swing high of $4.26, it would invalidate the bearish fractal. Such a move could shift momentum back in favor of an upside breakout from the wedge. For now, RENDER sits at a critical inflection point, and traders will be watching closely to see which side gains control. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.