Is Render (RNDR) About to Break Out — or Is This the Perfect Sell Zone?
Render (RNDR) is once again dividing market sentiment. After a stunning ~30% rally last week, pushing its monthly gains above 100%, the AI-focused token is now trading just below a major technical barrier: the 200-day EMA near $2.71. Some traders see this as the final hurdle before another explosive leg higher, while others warn that history may repeat with a sharp rejection.
At the time of writing, RNDR is holding firmly above $2.50, signaling that buyers remain active despite rising overbought conditions. In a bullish scenario, a decisive daily close above the 200-day EMA would likely confirm trend reversal, paving the way toward the psychological $3.00 level, followed by $3.34, a former key support zone between August and early October 2025.
Technically, momentum remains strong. RSI is hovering around 75, firmly in overbought territory, reflecting aggressive and sustained buying pressure. Meanwhile, MACD continues to trend higher, reinforcing the view that bullish momentum is still building.
However, downside risks should not be ignored. If RNDR fails to break above $2.71 and gets rejected, price could retrace toward the January 8 low near $2.06, with the $2.00 psychological level acting as critical support.
Trade Setup (Personal Opinion):
• Buy Entry: $2.55 – $2.72 (confirmed close above EMA 200)
• Take Profit: $3.00 – $3.34
• Stop Loss: $2.35
• Sell/Short Scenario: Rejection near $2.70
• TP (Short): $2.10 – $2.00
• SL (Short): $2.85
This is my personal analysis only and not financial or investment advice. Always manage risk and do your own research.
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