Market Overview for Render/Tether (RENDERUSDT) – 24-Hour Summary

• Price surged 6.5% from $2.27 to $2.382 in the final 15-minute candle.
• Strong volume and turnover spikes occurred during the late afternoon and early evening ET.
• RSI and MACD showed bullish momentum, suggesting potential continuation.

The Render/Tether (RENDERUSDT) pair opened at $2.27 on 2025-11-08 at 12:00 ET, reaching a high of $2.382 and a low of $2.187 before closing at $2.436 on 2025-11-09 at 12:00 ET. Total volume across the 24-hour period was 3.1 million, while total turnover amounted to $7.4 million. The pair exhibited a strong bear-to-bull reversal in the final hours of the session.

Structure & Formations

The 24-hour period witnessed a bullish reversal pattern, particularly in the late afternoon and early evening candles. A notable bearish swing was followed by a strong bullish continuation, with a key support level forming around $2.20 and resistance around $2.38. The price closed above the 50-period moving average on the 15-minute chart, suggesting a potential continuation of the upward trend.

Moving Averages

On the 15-minute chart, the 20-period moving average (2.294) crossed above the 50-period (2.271) in the early afternoon, signaling a potential bullish shift. On the daily chart, the 50-period average (2.28) is close to the current price, while the 200-period line (2.23) appears to offer a psychological support level for further retracements.

MACD & RSI

The MACD turned positive in the late afternoon, with a strong histogram expansion indicating renewed bullish momentum. RSI climbed from 42 to 65, nearing the overbought threshold, which may signal a pullback in the near term. However, the divergence between RSI and price remains tight, suggesting a lack of bearish conviction at present.

Bollinger Bands

Price action expanded significantly beyond the upper Bollinger Band during the final hours of the 24-hour period, indicating a high-volatility breakout. The band width had previously contracted in the morning, suggesting a period of consolidation before the recent surge.

Volume & Turnover

The highest volume spike occurred at 14:30 ET, with 222,206.32 units traded at $2.382. This coincided with a breakout candle that pushed the price above the upper Bollinger Band. Notional turnover also spiked at that hour, confirming the strength of the bullish move. Divergences were minimal, indicating strong alignment between price and volume.

Fibonacci Retracements

On the daily chart, price has reached the 61.8% Fibonacci retracement level from a recent high of $2.473 to a low of $2.217. On the 15-minute chart, the $2.38–$2.43 swing appears to have found support at the 38.2% level, suggesting a continuation toward the 61.8% level near $2.46 in the next 24 hours.

Backtest Hypothesis

To evaluate the robustness of potential strategies, a backtest could be constructed using a stop-loss of 8% and a resistance-exit rule based on the 20-day high. This would allow testing the profitability of entries triggered by patterns such as the Bullish Engulfing candle, paired with disciplined exit management. Given the recent strong move in RENDERUSDT, the same principles could be applied to identify and test high-probability setups in volatile crypto assets. For example, a strategy entering on confirmed bullish breakouts and exiting either on a close above the 20-day high or on a stop-loss could be tested on historical data to evaluate its performance. This approach aligns with the strong momentum observed in the latest 24-hour period.