Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Render (RENDER) Testing Key Fractal Support – What Could Come Next?

Render (RENDER) Testing Key Fractal Support – What Could Come Next?

CoinsProbeCoinsProbe2025/08/16 10:00
By:Nilesh Hembade

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.

Render (RENDER) Testing Key Fractal Support – What Could Come Next? image 0 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) Testing Key Fractal Support – What Could Come Next? image 1 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.

For now, RENDER sits at a critical inflection point, and traders will be watching closely to see which side gains control.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Stacks Nakamoto Upgrade

STX has never missed out on market speculation surrounding the BTC ecosystem, but previous hype was more like "castles in the air" without a solid foundation. After the Nakamoto upgrade, Stacks will provide the market with higher expectations through improved performance and sBTC.

雨中狂睡2025/11/29 17:51
Stacks Nakamoto Upgrade