RENDER Price Breaks Key Trendline As Analyst Claims $30 Could Be Within Reach

The cryptocurrency market has its eyes on Render Token (RENDER) as bullish momentum builds following a technical breakout. Crypto analyst DamiDefi highlights a significant RSI flip for RENDER, suggesting potential gains reminiscent of a 900% surge observed in previous cycles. The token’s price has broken a long-standing trendline, raising speculation about whether it can reach the ambitious $30 target.

RENDER Chart Analysis: Technical Breakout Signals Bullish Momentum

Render’s price action has caught the attention of traders after breaking a descending trendline that had restrained upward movement. The trendline, which connected a series of lower highs, now serves as a foundation for bullish sentiment. Historical patterns on the chart reveal similar trendline breakouts marked by strong rallies.

The recent candlestick formations are indicative of buyer dominance, with large bodies and minimal upper wicks. This momentum suggests the breakout is more than a short-term move, setting the stage for a potential price surge.

One of the standout signals on RENDER’s chart is the RSI (Relative Strength Index) flipping above the mid-level of 50. Historically, such movements have led to exponential price increases, as noted by DamiDefi. The analyst emphasized that the last time RSI flipped in a similar fashion, RENDER saw a remarkable 900% pump.

The RSI’s upward trajectory reinforces strong buying activity. This metric, combined with the trendline breakout, adds weight to the bullish case for RENDER.

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Key Levels to Watch: Support and Resistance Zones

With the trendline now acting as support, the immediate price floor lies in the $6.50–$7.00 range. This zone is critical for maintaining upward momentum. On the upside, $10 emerges as the first psychological resistance, while the tweet from DamiDefi sets a $30 target.

Intermediate resistance at $20 could serve as a checkpoint before the token tests higher levels. Fibonacci extensions align with these projections, supporting the case for long-term growth.

Furthermore, the Moving Average Convergence Divergence (MACD) indicator adds another layer of optimism. While not explicitly highlighted, the divergence between MACD lines and price bottoms suggests sustained bullish potential.

As traders monitor RENDER’s price movements, attention remains on its ability to hold above key support levels and continue building momentum toward $30.

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