RENDER is showing signs of a bullish rally, as per the crypto analyst Clifton Fx. Its growing adoption in decentralized 3D rendering, along with recent partnerships, is attracting investor attention.
The token opened at $1.44 and declined to $1.37, signaling short-term bearish pressure amid broader market volatility. Traders are monitoring the token closely as ecosystem milestones continue to drive long-term potential.
Source: Clifton Fx X Post
Recent updates within the Render ecosystem, including partnerships and GPU-powered rendering adoption for digital content, are boosting confidence among traders.
The network’s real-world utility strengthens the token’s appeal amid volatile markets. Technical indicators suggest mixed short-term momentum, with bullish accumulation potential in the medium term, which could push the price to $2.50 in the coming weeks.
Also Read: RENDER Signals Breakout Setup as Price Targets $5.1–$5.6 Resistance Zone
RENDER Technical Outlook Shows Bearish Pressure
According to TradingView, RENDER’s price dropped from 1.44 to 1.37, a fall of 2.33%. The Bollinger Bands indicate that there is an increase in price volatility as the price falls through the middle band to the lower band, an indication that there is an increase in bearish momentum. The price is below the major EMAs (20, 50, 100, 200), and the short- and long-term trends are declining.
Source: TradingVIew
The EMAs also strengthen the bearish case since the 20 EMA continues to trade below the 50 EMA, while the 100 EMA trades below the 200 EMA.
Any attempts to rebound to the $1.44-$1.46 range face resistance again, which confirms the selling pressure. A temporary support could be found around the lower Bollinger Band at $1.39, but if this level breaks, the price could fall to $1.32-$1.30.
Momentum Indicators Reinforce Downward Bias
From a momentum indicator’s perspective, the RSI currently sits at 40.80, which is below the 50 mark but above the oversold mark at 30, indicating a slight touch of bearish tempo.
The moving average for the RSI currently sits at 52.45, which is higher than the current RSI reading, indicating a slight decrease in the short-term momentum.
Source: TradingView
The MACD is just below its signal line at -0.00860. As the momentum is close to zero at 0.00057, the slipping histogram bars hint at rising selling pressures.
All this indicates a bearish bias in the short term, but the rising trends in the adoption curves hint at possible future price increases.
Also Read: RENDER Holds Falling Wedge as Analysts Eye Targets Up to $12