Render ($RNDR) has already broken down through its bull trend line, which also marked strong support at $7. The price has confirmed this level as resistance, and has plunged further down to reach a modicum of support at $5.42. This also happens to be the 0.618 fibonacci level, so the price might be expected to hold, and then bounce from here. If it fails to do so, the support at $4.63 awaits below.