Render (RENDER) To Rise Further? Key Potential Bullish Pattern Formation Suggest So!

Key Takeaways

• RENDER is forming a double bottom near $1.13, signaling fading selling pressure and a potential bullish reversal.
• A reclaim of the 50-day moving average around $1.69 could open the path toward the $2.62–$2.68 neckline.
• Bulls must defend $1.13 support — a breakdown below this level would invalidate the bullish setup.

RENDER, the native token of the Render Network — a decentralized platform focused on GPU computing — is starting to regain traction after weeks of heavy selling pressure. The token is up over 9% in the past seven days, hinting that buyers may finally be stepping back in.

More importantly, RENDER’s daily chart is now flashing a classic bullish reversal setup, suggesting the recent downtrend could be losing steam.

Technical Patterns Hint at Upside Momentum

On the daily timeframe, RENDER appears to be forming a double bottom pattern, a well-known structure that often develops near the end of prolonged declines.

Here’s how the setup is unfolding on the chart:

• The first bottom formed as price dropped into the $1.13 support zone, followed by a sharp rebound.
• That bounce carried RENDER toward the neckline resistance around $2.68, where sellers stepped back in and rejected the move.
• Price then rolled over and returned to the same $1.13 area, but this time, buyers defended the level again — creating the second bottom.

This repeated defense of $1.13 is a key signal. It shows that selling pressure is weakening and demand is building at lower levels. RENDER is now trading around $1.45, indicating early stabilization after the retest.

Adding to this, price is currently attempting to base just below the 50-day moving average, a level that often acts as a momentum switch during trend transitions.

What’s Next for RENDER?

For this bullish structure to gain real credibility, RENDER needs to reclaim the 50-day moving average near $1.69. A sustained move above this level would mark a shift in short-term momentum and increase the odds of a recovery rally.

If buyers manage to push price back toward the $2.62–$2.68 neckline zone, that area will become the next major test. A clean breakout above this resistance — ideally followed by a successful retest — would confirm the double bottom pattern and could open the door for a stronger upside move in the weeks ahead.

On the downside, the $1.13 support zone remains the most critical level to watch. A breakdown below this area would invalidate the bullish setup and likely expose RENDER to another leg lower or extended consolidation.