🧭 Technical Analysis – RENDER/USDT (weekly chart)

According to the chart, RENDER is in a well-defined downtrend, respecting a descending channel (yellow lines). Each peak is lower than the previous one, reinforcing selling pressure in the medium/long term.

Price Structure:

The asset lost strength after the historical peak and has since been making lower highs and lower lows.

The price remains compressed within the channel, with no clear reversal signal at the moment.

🟡 Important Supports:

Current region: ~US$ 1.55

Intermediate support: ~US$ 1.40 – 1.35

Most critical support (bottom of the channel): ~US$ 1.25 – 1.20

A confirmed loss of the bottom of the channel could open up space for additional declines, with a search for lower liquidity levels.

🔴 Relevant Resistances:

Top of the channel: ~US$ 1.75 – 1.85

Strongest resistance: ~US$ 2.10 – 2.20

Only a clear and sustained breakout above the top of the channel, accompanied by increased volume, could indicate a change in structure and the beginning of a reversal.

Indicators:

RSI (~39): remains in a weak zone, still not entering extreme oversold territory, which does not rule out new declines.

Volume: remains low/moderate, with no sign of significant institutional entry so far.

Conclusion:

RENDER is still operating within a defensive context. Although technical rebounds may occur, the main trend remains down while the price respects the descending channel.

⚠️ Attention: this analysis is not an investment recommendation. The market is volatile, and confirmations are essential before any decision-making. Risk management and diversification are fundamental.

#render #RenderToken $RENDER