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Summary
• Price broke above a key 5-min resistance at 1.683 before retracing toward 1.57.
• Strong divergence in volume and price appears during the sell-off from 1.734 to 1.57.
• RSI hit oversold levels twice, suggesting potential for a short-term rebound.
• Bollinger Bands expanded significantly during the 1.734 high and contracted during the 1.57 low.
• A bullish engulfing pattern formed near 1.581 as volume picked up.
Render/Tether (RENDERUSDT) opened at 1.661 on 2025-12-10 at 12:00 ET and closed at 1.581 on 2025-12-11 at 12:00 ET, reaching a high of 1.734 and a low of 1.57. Total volume for the 24-hour period was 1,975,220.71, with notional turnover of approximately $316,464.54 at average prices.
Structure & Formations
The price formed a clear 5-minute resistance at 1.683 and a bearish breakdown at 1.57 after a series of lower highs and lower lows. A notable bullish engulfing pattern emerged near 1.581, which coincided with a 15,000+ volume bar.

Moving Averages
On the 5-minute chart, the price spent much of the 24-hour period below the 20- and 50-period moving averages, indicating bearish momentum. On the daily chart, the 50-period MA at ~1.62 acted as a resistance level, while the 200-period MA at ~1.58 appeared to hold as a key support level.
MACD & RSI
The MACD histogram showed a bearish divergence during the decline from 1.734 to 1.57, with the line crossing below the signal line as price continued lower. The RSI indicator hit oversold levels near 27 and 25 twice, suggesting potential for a bounce, though no immediate reversal occurred. Momentum remains weak, with the RSI failing to close above 50 in the final hours.
Bollinger Bands
Volatility expanded significantly during the sharp rise to 1.734, with price reaching the upper band, and contracted sharply during the decline to 1.57, hitting the lower band. Price has since bounced back toward the mid-band, indicating a potential consolidation phase.
Volume & Turnover
Volume spiked during the 1.734 high and during the 1.57 low, with turnover confirming the bearish breakdown. A divergence between price and turnover occurred near 1.60, where turnover increased while price declined, signaling possible exhaustion in the bearish move.
Fibonacci Retracements
Applying 5-minute-level Fibonacci retracements to the swing from 1.57 to 1.734, the 61.8% level is at ~1.654, which saw a bounce and consolidation. On the daily chart, the 38.2% and 61.8% levels are at ~1.62 and ~1.58, respectively, with the latter currently holding.
The market appears to be consolidating near 1.581 with some short-term bullish momentum. A test of 1.62 could be next if buyers step in. However, volatility remains high, and a breakdown below 1.57 could trigger further downside. Investors should remain cautious ahead of the next 24-hour window.
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