Render Approaches Key Support After 1,100-Day Uptrend

Render holds above a 3-year trendline after a 48.85% drop, signaling potential for a rebound if support continues to hold firm.

RNDR has respected an ascending trendline since 2022, with past bounces yielding massive gains and current price action nearing key support.

Despite resistance near $5.5 and $4.2, Render’s long-term structure remains bullish as it tests a trendline that sparked a 3,300% rally.

According to Kyren, Render (RNDR) is now testing a critical long-term trendline after a 48.85% drop from its recent swing high. This trendline has held strong for over 1,100 days, anchoring RNDR’s bullish structure since its 2022 low. The weekly chart shows that RNDR has respected this upward support, forming higher lows and higher highs across multiple market cycles.

The token previously bounced 3,355% after retesting this trendline. Currently, RNDR trades at $3.12 after retreating from its recent high near $6.10. The market correction sent the price through two grey-shaded supply zones, halting bullish momentum. These zones at $5.5 and $4.2 rejected several breakout attempts. Hence, they remain key resistance levels in the short term.

Three-Year Uptrend Faces Major Test

Since bottoming in mid-2022, Render has followed a well-defined ascending path. The trendline began at its lowest point and stretches through three confirmed touchpoints. Each touch led to a sharp bounce. These rebounds established the trendline as a dominant force in RNDR's technical pattern.

Moreover, each of these bounces maintained bullish structure on higher timeframes. Despite facing supply zone rejections, the token remained above the key trendline. Additionally, candlestick wicks around recent lows show strong buying pressure defending this support. This behavior underscores continued market confidence in this level.

Market Structure Reflects Bullish Long-Term Bias

The entire chart spans 159 weekly bars, translating to 1,113 days of consistent market activity. Total volume traded during this period exceeds 9.31 billion units. Significantly, this underlines investor interest in Render even during deep corrections.

Furthermore, RNDR’s weekly candles reflect wide volatility ranges. This indicates strong market participation during both upswings and retracements. Consequently, these dynamics show how Render’s technical structure blends long-term optimism with short-term caution.

Besides, traders are closely watching for another bounce, similar to the 3,300% move seen after the last retest. However, there are no guarantees. Market behavior at current levels remains crucial. Should RNDR hold above the trendline, a renewed uptrend could follow.

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