RENDER: are we pulling back or breaking out? key levels ahead

126
RENDER, ready for another leg or was that the whole party? According to the market, AI‑narrative coins are getting fresh attention again as risk appetite creeps back into crypto, and RENDER keeps popping up in that conversation. Today we just saw a sharp spike straight into a big 4H resistance band around 1.55 where sellers defended hard before.

On the 4H chart we’ve got a strong vertical push out of the green demand zone around 1.33‑1.38, but RSI is flirting with overbought and starting to curl. That combo screams “cooldown” more than “immediate moon,” so I’m leaning toward a pullback into the former value area before any serious breakout. If buyers step back in near that 1.38 mid‑range with decent volume, I’ll treat this as a healthy retest in an emerging uptrend. I might be wrong, but chasing green candles up here feels like buying the top of a roller coaster.

My base plan: look for a dip into 1.38‑1.40 as the reload zone ✅ with upside back toward 1.55 and, if that finally gives way, room toward 1.60+. If price loses the green box and closes below roughly 1.33, the bulls are likely tired and I’d expect a deeper flush toward previous lows instead. I’m staying patient and waiting for that pullback reaction rather than forcing a FOMO entry at resistance.

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.