The Render (RENDER) price has finally shown signs of life after a long period of pressure. Price bounced from a major higher-timeframe support zone around the $1.20–$1.30 area.
These levels have acted as a floor in the past. That reaction alone caught traders’ attention, but the structure around it is what really matters.
Top analyst GEM INSIDER shared on X that this bounce didn’t happen randomly. RENDER reacted exactly where buyers were expected to step in, suggesting that selling pressure may have run its course, at least for now.
What the RENDER Chart Is Showing
On the daily chart, RENDER has been trading below a descending trendline that has capped price for months. The recent move higher started right after price tagged a key support level and quickly pushed back toward that trendline.
This matters because failed bounces usually stall early. The RENDER price didn’t. It moved with intent, reclaiming short-term levels instead of drifting sideways. That kind of response often points to real demand rather than a weak relief rally.
The trendline above is now the final obstacle. A clean break would mark a clear shift in structure, turning resistance into open space.
Source: X/GemInsider
Why the Bottom May Be In For RENDER Price
One of the strongest signals here is how price behaved at support. Instead of slicing through it, RENDER snapped higher. That kind of reaction often shows that sellers are exhausted and buyers are willing to defend levels aggressively.
There is also very little structure above the current price. If the RENDER price breaks the last descending trendline, there are few obvious resistance zones until much higher levels. That’s what traders mean when they say “air above.”
This doesn’t guarantee a straight move higher, but it does explain why momentum could accelerate quickly if the breakout sticks.
_****Here’s Why Dogwifhat (WIF) Price Is Pumping Hard Today**
Moreover, the focus is now on the trendline. Acceptance above it would confirm a structural shift and increase the odds that the recent low marks a meaningful bottom.
Failure there would likely send the RENDER price back into consolidation, but as long as support holds, the downside looks more controlled.
For now, RENDER has done the most important thing it needed to do. It defended a major floor. If buyers follow through, the next move may not take long to show itself.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Wintermute: BTC finds support at the 200-week moving average; a clear macro environment is needed to resume upward movement
Foresight News reports that Wintermute stated, "The road to a crypto market recovery depends on the clarity of macroeconomic conditions. The 200-week moving average still provides support, and the lack of structural damage means that when the recovery occurs, the rebound could be stronger than market sentiment suggests. Currently, we are in a range-bound and downward trend, with leverage factors dominating short-term market movements. Recently, $70,000 remains a resistance level. A recovery in the second half of 2026 is possible, but to achieve this, most participants will need to have exhausted their patience."
GateNewsBot5m ago
Crypto Fear Index drops to 8, market "extreme fear" sentiment intensifies
BlockBeats News, February 18 — According to Alternative Data, today’s cryptocurrency Fear and Greed Index is 8 (yesterday was 10), indicating an intensification of the market’s "Extreme Fear" sentiment.
Note: The Fear and Greed Index threshold is 0-100, composed of the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Buzz (15%) + Market Surveys (15%) + Bitcoin’s Market Share (10%) + Google Search Trends (10%).
GateNewsBot37m ago
Michael Saylor Tells Ray Dalio: If World Order Breaks Down, Own Bitcoin
Strategy Executive Chairman Michael Saylor told billionaire Ray Dalio to own bitcoin after the billionaire warned the post-World War II global order is breaking down, positioning the cryptocurrency as a shield against mounting geopolitical and financial instability.
Dalio Flags Cracks in Global
Coinpedia44m ago
"Has the 'true bottom' not arrived yet? Experts warn: Bitcoin may face a 'surrender sell-off' in the final dip"
Just last week, Bitcoin experienced a thrilling "Raging Bull" rally, dropping over 10% in a single day and nearly breaching the $60,000 mark. Although it then rebounded strongly back to around $70,000, has this rapid sell-off already constituted a so-called "capitulation sell-off"? That is, investors panic and sell at a loss, completely releasing selling pressure and paving the way for the next bull market.
However, from the perspective of the derivatives market, the answer is probably no. According to Amberdata Derivatives Director Greg Magadini's observations, the signals from the futures market suggest that Bitcoin may still have further downside potential.
In his market report on Monday, Greg Magadini pointed out that during this decline, the futures basis (the difference between futures and spot prices) reacted noticeably cold, without the sharp changes often seen in bear markets. He said:
<continue with the rest of the translated content>
区块客1h ago
XMR Isn’t Dying – Here’s the Monero Price If Darknet Demand Keeps Rising
Monero (XMR) is still in use despite strong pressure from the regulators. Almost half of the new dark markets only accept payments in $XMR, which is keeping the demand afloat.
The network activity is also still elevated compared to the levels before 2022, despite the removal of Monero by
CaptainAltcoin1h ago
Record Dollar Bearishness Sparks Bitcoin Correlation Debate
The U.S. dollar is experiencing a weekly decline amid record bearish positioning, complicating the traditional inverse correlation with bitcoin, which has recently shown a positive correlation with the dollar.
Coinpedia1h ago
