Market Overview for Render/Tether (RENDERUSDT) on 2025-09-18

• Render/Tether surged from $3.79 to $4.09 before consolidating near $4.03, forming bullish momentum patterns.
• Strong 15-minute volume spikes drove key rallies, with $3.95–$4.02 acting as immediate support/resistance.
• RSI and MACD signaled overbought conditions near $4.09, followed by profit-taking and a pullback.
• Volatility expanded midday, with price breaking through the upper Bollinger Band before retesting the mean.
• Turnover increased by 24% during the peak rally, aligning with price and confirming buyer interest.

Price Action and Key Levels

Render/Tether (RENDERUSDT) opened at $3.79 at 12:00 ET–1 and closed at $4.018 at 12:00 ET today, with a high of $4.09 and low of $3.774 during the 24-hour period. Total volume reached 1,573,666.94, and notional turnover exceeded $6,307,622. The pair exhibited strong upward momentum, particularly after 19:30 ET, when a sharp rally pushed price past $4.00 and toward $4.09. Key resistance levels emerged around $4.03–$4.05 and $4.08–$4.10, with $3.95–$4.02 acting as a critical support range.

Technical Indicators and Momentum

The 15-minute RSI reached overbought levels (above 65) near $4.09, suggesting potential for a pullback or consolidation. The MACD crossed above the signal line, confirming bullish momentum until about 14:30 ET, when divergence began to appear between price and volume. The 20 and 50-period moving averages on the 15-minute chart remained well below the current price, indicating a strong uptrend. On the daily chart, the 50, 100, and 200-period moving averages were all below $4.00, suggesting long-term bullish bias.

Bollinger Bands showed a significant expansion during the rally, with price briefly surpassing the upper band before retracing. Volatility has increased, with the daily range widening to over $0.32.

Volume and Turnover Analysis

Volume spiked at key turning points, particularly around 19:30 ET and 03:15 ET, aligning with price surges and validating the trend. Notional turnover increased in tandem, with no notable divergence observed. A large volume candle at $4.09 indicated strong buying interest, while a lower volume pullback near $4.03 suggested temporary profit-taking.

Fibonacci and Structure

Fibonacci retracements on the 15-minute swing high at $4.09 showed a 61.8% level near $4.00, which coincided with the 20-period moving average. The pullback to $3.95 tested the 38.2% level, where volume increased, suggesting strong support. On the daily chart, key Fibonacci levels remain intact, supporting the idea that further upside could be possible if $4.08–$4.10 holds.

Backtest Hypothesis

A potential backtesting strategy for this pair could involve a breakout-based approach triggered by a close above the 20-period moving average and confirmation by a bullish engulfing pattern. Traders may enter at the close of the breakout candle, with a stop loss just below the 38.2% Fibonacci level and a take profit at the 61.8% level or near the next key resistance. A trailing stop could be activated after the 50-period moving average begins to slope upward, helping to capture continued momentum while protecting gains.