I just noticed that RENDER is in a fairly interesting accumulation zone after a sharp 91% drop from the high of $13.60. The token is currently trading around $1.80 and appears to be testing key support between $1.35 and $1.00 on the higher timeframe. The key point is that if it holds the $1 level, a major rally could occur targeting $2.70, $5.50, even $13.00, and $28 or higher.

I reviewed the price structure and see that RENDER is compressing within a multi-year channel. Based on experience, these compression phases often come before strong expansion periods. The Fibonacci 0.845 level is a critical threshold—if the weekly close is below this level, the bullish structure will be broken. But as long as the price stays above $1, the forecasts still remain possible.

The $1.35 to $1.10 zone seems to be where long-term investors are accumulating. Looking back at the 2022-2023 cycle, RENDER surged 5000% after a prolonged compression period. The coming weeks will determine whether we enter the next expansion phase.