Market Overview for Render/Tether (RENDERUSDT): October 31, 2025

• Price opened at $2.218 and closed near $2.285 after a 3% rally.
• Key resistance appeared at $2.26–$2.27, then was decisively broken.
• Volatility expanded through Bollinger Bands after 09:00 ET.
• Volume surged 3x above average in final 6 hours, confirming strength.
• RSI edged into overbought territory, suggesting near-term momentum risks.

Render/Tether (RENDERUSDT) opened at $2.218 at 12:00 ET – 1 and closed at $2.285 at 12:00 ET on October 31. The pair reached a high of $2.295 and a low of $2.155 during the 24-hour period. Total traded volume amounted to 1,169,373.28, while notional turnover reached $2,625,813.23. The price action reflects a strong bullish bias in the final 6 hours, with volume and price direction aligning clearly.

Structure & Key Levels

The candlestick pattern on the 15-minute chart showed a strong breakout above the $2.26–$2.27 resistance cluster, confirmed by a series of higher highs and bullish engulfing patterns. A 21-hour consolidation phase below this level gave way to a sharp upward thrust. Support levels now appear at $2.24 (tested multiple times) and $2.20, with the 50-period moving average acting as a dynamic support line.

The Bollinger Bands expanded significantly after 09:00 ET, indicating growing volatility. Price tested the upper band multiple times, especially during the final 3 hours, suggesting strong bullish momentum.

MACD and RSI Momentum

MACD turned positive in the late morning and remained in bullish territory, with the signal line lagging the main line — a classic early-phase uptrend signature. RSI climbed above 70 in the final 4 hours, reaching 73 at the close, indicating overbought conditions. This suggests that a short-term pullback may be imminent, though the broader uptrend appears intact.

Fibonacci retracement levels drawn from the $2.155 low to the $2.295 high indicate potential areas of interest at the 61.8% ($2.26) and 78.6% ($2.30) levels.

Volume and Turnover Divergence

Volume spiked sharply in the last 6 hours, reaching over 190k in the 15:00–15:15 ET session, far above the 10:00–11:00 ET average of around 30k. Notional turnover mirrored this increase, rising from $60k to over $80k in the final 3-hour window. The strong volume-to-price alignment suggests continuation is more likely than reversal in the near term.

Looking Ahead

The price action and volume dynamics suggest a strong short-term continuation bias into the $2.30 level. However, the overbought RSI and tightening Bollinger Band readings hint at potential profit-taking or consolidation ahead. Investors should monitor the $2.24 level as a key support, with a break below it indicating a possible retest of the 61.8% retracement level.

Backtest Hypothesis

Given the strong RSI signal at the close, we propose a backtesting strategy centered on RSI overbought (70) and oversold (30) triggers. The plan is to:
- Flag RSI > 70 as potential overbought entry (short-term sell),
- Flag RSI < 30 as potential oversold entry (buy),
- Open a position the next session after the signal,
- Hold for 3 days, and
- Evaluate performance from 2022-01-01 to 2025-10-31.

However, our system currently cannot recognize the symbol RENDERUSDT as a supported ticker. To proceed, we request confirmation of one of the following:
1. The exact exchange-qualified ticker (e.g., “RNDRUSDT.BINANCE”, “RNDR-USDT”, etc.), or
2. Upload the full RSI series or price data for the period.

Once we have a valid ticker or the required data, we can calculate the RSI values, flag the overbought/oversold dates, and run the full backtest to assess performance, risk, and reward characteristics.