RENDER Tests Major Trendline At $4.22 As 70% Breakout Move Nears

Trendline Test: RENDER reaches $4.22, directly testing a descending trendline from its December 2024 high.

The estimated breakout action indicates a 70.96 % price advancement to around $7.12.

Immediate support holds at $3.99 as RENDER gains 3.5% and outperforms both BTC and ETH.

Render (RENDER) has shifted sharply upwards of its last 24 hour price as the coin has gained 3.50% and is currently trading at $4.22. This move brings the token directly to a long-standing descending trendline, where traders are closely monitoring for a potential breakout

Price action now rests precisely at the $4.22 resistance level, with the $3.99 zone holding as immediate support. The chart setup highlights a projected 70.96% upside from current levels, potentially placing the next target near $7.12. Volume and price activity show alignment, with RENDER showing positive strength against both BTC and ETH benchmarks.

RENDER Eyes Breakout Above Key Trendline as Recovery Gains Momentum

RENDER’s chart shows a steady recovery since the June low near $2.80. Buyers have consistently pushed prices higher, leading to the current breakout attempt. The descending trendline, drawn from the December 2024 high, intersects right at the $4.22 mark. An ascending break on this level can confirm a potential price widening into the area of 7.00-7.12.

Meanwhile, the $3.99 mark is still providing a near-term level of support. This level has been used as a pivot in the past during rallying and collapse periods. The range between $3.99 and $4.22 now defines short-term market behavior.

RENDER Breakout Targets 70% Move as Momentum Builds

The highlighted green zone on the chart outlines a measured move of approximately 2.992 points or 70.96%. This potential move originates from the current breakout level and projects a future price zone around $7.12. Notably, no prior overhead resistance exists between the breakout point and the target zone. This gap increases the significance of the breakout structure.

The sustained move above $4.22, in this context, would attract the attention to the range of the $5.50s and the $7.00s. Potential short-term volatility is likely, but the price structure is leaning towards a further rise, as long as it can remain in support.

RENDER also gained ground relative to major cryptocurrencies. Against Bitcoin, it traded at 0.00003579 BTC, marking a 3.9% increase. Such relative performance adds weight to the trendline test and complements the projected breakout zone currently in play.