Date: Sat, July 26, 2025 | 05:40 AM GMT
The cryptocurrency market is regaining momentum following its recent correction, with Ethereum (ETH) jumping over 3% today. The improved sentiment is trickling down to major altcoins — including Render (RENDER).
The AI token climbed 5% today, extending its monthly gains to 37%. But more importantly, RENDER’s price action is forming a bullish fractal pattern that closely mirrors the explosive breakout recently seen in Ethena (ENA).
RENDER Mirrors ENA’s Breakout Setup
A side-by-side comparison of RENDER and ENA’s daily charts (see above) reveals a nearly identical trajectory.
ENA previously broke out from a textbook falling wedge, a well-known bullish reversal pattern, and successfully reclaimed its 100-day moving average. That breakout helped ENA pierce its key blue-zone resistance, triggering a 66% surge to the upside.
RENDER now appears to be following the same roadmap. The token has already broken free from its own falling wedge, reclaimed its 100-day MA, and surged above its blue resistance zone — tapping a local high of $4.66 before pulling back. It is now retesting this blue zone, just as ENA did before its sharp rally.
If this fractal structure remains intact, RENDER could be preparing for its next significant move upward.
What’s Next for RENDER?
If the fractal continues to unfold, a confirmed breakout above $4.69 (its recent local high) could spark a strong rally, targeting around $7.00 — a potential 66% upside from current levels, echoing ENA’s prior run.
However, to maintain this bullish setup, RENDER needs to hold above its 100-day MA support near $4.02. A failure to defend that level could invalidate the fractal and open the door to deeper consolidation.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.