Date: Tue, July 22, 2025 | 09:50 AM GMT
The cryptocurrency market is taking a breather today after a strong multi-week rally, with Ethereum (ETH) slipping nearly 2.50% following a 22% surge over the past week. This cooling momentum has extended to several major altcoins, including Render (RENDER).
The AI-focused token has dropped 3.51% today, trimming its weekly gains to 17%. However, a potentially bullish fractal pattern is now emerging — one that closely mirrors RENDER’s explosive rally from late 2024.
Fractal Suggests Bullish Reversal Ahead
Looking back at RENDER’s price action in late 2024, the token followed a classic recovery setup. After enduring a prolonged downtrend, RENDER formed a falling wedge — a pattern known for signaling an impending reversal. Following the breakout, the token consolidated briefly within a smaller wedge, then broke above its 100-day and 200-day moving averages, triggering a powerful rally of 77%, propelling it near $12.
Fast forward to today, RENDER appears to be tracing the same playbook. The token has once again broken free from a larger falling wedge, completed another minor wedge breakout, and is now trading right at its 200-day moving average — a critical resistance level around $4.37.
What’s Next for RENDER?
If this fractal continues to play out, a clean breakout above the 200-day MA could ignite RENDER’s next major leg higher. Based on the historical projection, the next target sits near $9.90 — a potential 125% rally from current levels. This target also coincides with the long-term descending trendline that has repeatedly capped RENDER’s price.
A confirmed breakout above that level would strengthen the bullish case, potentially unlocking a path for even higher moves as momentum traders re-enter the market.
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