Is #RENDER Ready for a Reversal or Will it Continue to Fall?

6 giorni fa

Yello, Paradisers! Is this just another range before a full reversal or a sneaky trap waiting to punish early buyers of #RENDER? Let's see the latest analysis of #RENDERUSDT:

💎After several weeks of slowly bleeding within a clean descending channel, #RENDERUSDT is now attempting a breakout from that structure. While the move isn’t confirmed just yet, this is the first real signal that sellers are losing momentum, and a shift could be on the table. Price is currently hovering just above the $3.15–$3.20 zone, and the next few candles will be key.

💎If buyers step up and push #RENDER through this upper trendline with strength, we have a clear runway toward the moderate resistance at $4.20. And if that gets taken out, the next strong resistance area comes in at $5.35, where we expect heavy distribution. But for now, it’s all about reclaiming and holding above this descending structure.

💎So what gives this setup real potential? The demand zone at $2.97 held like a fortress. If it fails, the next line of defense is a strong demand zone at $2.50. Buyers defended it multiple times and sparked a mini-reversal off the bottom of the channel. This demand zone is our launchpad, and as long as the price stays above it, bulls are still in control.

💎But make no mistake: if price loses $2.97, the bullish setup is invalidated. That would open up a deeper drop back toward $2.50 or lower, and we’ll step aside to wait for a better entry again.

Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.

MyCryptoParadise
iFeel the success🌴

l’altro ieri

Trade attivo

💎We did it again! #RENDERUSDT is doing what we said and rose up 23.87% while looking great to reach out to higher levels.

💎 What’s your take on this development? Could we see another breakout soon? Let us know your thoughts below! 👇