Date: Wed, May 28, 2025 | 08:56 AM GMT
The cryptocurrency market has staged an impressive rebound this quarter, with Ethereum (ETH) leading the charge. After climbing over 44% in Q2, ETH is now trading above $2,600, having recently touched a high of $2,700 — a level last seen in February. This renewed bullish sentiment is not just limited to ETH. It’s lifting altcoins across the board, including Render (RENDER).
The AI token has gained over 23% in the last 60 days. While this rally alone is a strong sign of bullish interest, a developing technical pattern now suggests that RENDER may record more gains in the near term.
Source: Coinmarketcap
Harmonic Pattern Signals More Upside
On the 4-hour chart, Render is forming a potential Bearish Cypher harmonic pattern — a setup that often leads to continued upside before reaching a key reversal zone. This pattern involves a series of price swings labeled X-A-B-C-D, with the current leg (C to D) signaling that Render might still have room to move higher.
Render (RENDER) 4H Chart/Coinsprobe (Source: Tradingview)
The Cypher pattern began forming when RENDER topped out near $5.57 (point X) before retracing to $4.39 (point C). Since reaching that low, the token has started its upward leg toward point D, which is projected to complete around the $5.14 to $5.34 zone. These levels correspond to key Fibonacci ratios — the 78.6% retracement of the XC leg ($5.14) and the 100% extension at $5.34.
Currently trading around $4.47, RENDER has around 15% to 19% potential upside if the harmonic pattern completes as expected.
What’s Next for RENDER?
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
