Date: Thu, Dec 11, 2025 | 07:00 PM GMT
The broader cryptocurrency market is undergoing notable retracement after the pre-FOMC pump, with Bitcoin (BTC) and Ethereum (ETH) falling over 2% and 5% today. This renewed weakness has added downward pressure on major altcoins, including Render (RENDER), which has seen a fresh 5% decline.
But beneath the surface-level weakness, the chart is revealing a potential bullish setup that may soon come into play.
Triple Bottom in Play
On the 4H timeframe, RENDER has developed a clear Triple Bottom structure — a well-known reversal pattern defined by three consecutive swing lows reacting from the same support level. In this case, the repeated rejection of the $1.54 support shows that buyers are absorbing the dips and preventing deeper breakdowns.
Inside the highlighted consolidation range, price continues to move between the lower boundary at $1.54 and the upper neckline zone near $1.78. This range has been respected for nearly two weeks, with each touch of the bottom boundary producing a reactionary bounce. The current retest once again brings RENDER into this same demand zone, which in previous cycles triggered strong upward pushes.
This consistent defense of support leans more toward accumulation than continuation — suggesting sellers may be losing strength while buyers quietly build positions.
What’s Next for RENDER?
If RENDER can hold above the $1.50–$1.54 support region and avoid any candle close below the level, the third swing low would complete the Triple Bottom structure. Such a confirmation could open a move toward the neckline zone at $1.78, roughly 12% above the current price.
A clean breakout above $1.78, ideally supported by volume expansion, would validate the reversal and pave the way for continuation toward the $2.00 region — the next major upside magnet on the chart.
However, a breakdown and close below $1.50 would invalidate the bullish setup and shift focus back toward lower supports.
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