Market Overview for Render/Tether (RENDERUSDT) as of 2025-09-20

• Price dipped to 3.88 before rebounding to close near 3.927.
• Volatility expanded in early hours with a sharp pullback from 3.95.
• RSI showed oversold conditions around 3.89 before recovery.
• Bollinger Bands widened, suggesting increasing short-term uncertainty.

The 24-hour session for Render/Tether (RENDERUSDT) opened at 3.928 at 12:00 ET-1 and traded as low as 3.88 before recovering to a close of 3.927 at 12:00 ET. The pair reached a high of 4.01 and a low of 3.876 during the period. Total traded volume was 1,058,615.84, with a notional turnover of $4,160,714.18.

Structure & Formations

Price action showed multiple bearish and bullish signals over the past 24 hours. A notable bearish engulfing pattern emerged around 3.93 as the pair moved lower from 3.93 to 3.88 in under an hour. A bullish reversal appeared at 3.88, marked by a long lower wick and a closing near the high. Key support levels were identified around 3.90–3.91 and 3.88–3.89, while resistance levels emerged at 3.93–3.95 and 3.97–4.00. A doji formed at 3.93, signaling indecision before the final upward move.

Moving Averages

On the 15-minute chart, price briefly tested the 20-period and 50-period moving averages during the downward move from 3.95 to 3.88, confirming bearish momentum. On the daily chart, the 50-period MA stood near 3.93, while the 200-period MA was at 3.90, indicating a mixed bias with no clear long-term direction.

MACD & RSI

The MACD line crossed below the signal line near 3.92 as bearish momentum built. RSI dipped to 30 around 3.89, signaling oversold conditions before a sharp rebound. RSI peaked near 55, indicating no overbought conditions. Momentum appears to be transitioning from bearish to neutral.

Bollinger Bands

Bollinger Bands showed a significant expansion as the pair moved from 3.95 to 3.88, with volatility peaking around 3.90. Price retested the lower band twice before rising back into the middle band. This suggests the market may be stabilizing, though with elevated short-term risk.

Volume & Turnover

Volume spiked during the sharp pullback from 3.95 to 3.88, peaking at over 65,000 units. The rebound was supported by moderate volume, suggesting buyers were stepping in. Notional turnover confirmed the volume spikes, with no major divergence between volume and price movement.

Fibonacci Retracements

Fibonacci retracements were applied to the swing high of 4.01 and swing low of 3.88. The 38.2% retracement level at 3.94 and 61.8% at 3.91 aligned with observed support levels. The price found support at the 61.8% level before reversing upward.

Backtest Hypothesis

A potential strategy could involve entering long positions at the 61.8% Fibonacci retracement level with a stop below the 3.90–3.91 support zone. Given the observed volume and RSI signals, this would align with a breakout strategy that assumes price would retest key levels before resuming an upward trend. This method would benefit from volatility expansion and a strong RSI bounce.