Render (RNDR) Surges 50% in a Week, Eyes 24% Upside

Render (RENDER) has been gaining traction in the cryptocurrency market, with recent technical patterns suggesting a potential upside move. The cryptocurrency has shown signs of recovery as tensions between Israel and Iran ease, with Ethereum (ETH) rebounding sharply from its recent low of $2,113 to climb above the $2,450 level. This rebound has lifted sentiment across altcoins, including Render (RENDER).

The AI token is back on the green track, and according to the technical chart, this might be just the beginning. A combination of bullish patterns suggests that more upside could be on the horizon. On the 4-hour chart, RENDER has broken out of a falling wedge — a classic reversal pattern — signaling the end of a multi-week downtrend. Additionally, a bearish butterfly harmonic pattern has emerged, which typically anticipates a price move higher before the pattern completes.

The formation began from point X around $3.62, before the price dropped to find solid support at $2.94 (point C). Since then, RENDER has been rebounding and is currently trading around $3.13, just below the 100-day moving average (MA) at $3.27 — a level that could act as a pivot for further gains. If the harmonic pattern continues to unfold, RENDER may be headed toward the Potential Reversal Zone (PRZ) between $3.90 and $4.25. These targets are based on the Fibonacci 1.272 and 1.618 extensions — common levels for pattern completion in a butterfly structure.

The combination of a falling wedge breakout and an active harmonic butterfly pattern paints a promising picture for RENDER’s near-term trajectory. If the current bullish momentum holds and price successfully breaks above the 100-day moving average, it would confirm both patterns and likely trigger further upside. From current levels, this would imply a potential upside of over 24%, with $3.90 and $4.25 standing as the next key resistance zones. However, traders should remain cautious. If RENDER fails to hold the $2.94 support level, it could slip into a consolidation phase or even face a pullback before any sustainable breakout.

Render (RNDR) has been garnering significant attention due to its promising technical signals, real-world use cases, and growing interest from large investors. The cryptocurrency has seen a notable surge in its price, with a 50% increase over the past week, reaching around $2.85. Despite a minor dip in the last 24 hours, the overall trend remains bullish. Currently, RNDR is trading at approximately $3.08, reflecting a 4.8% decrease from its recent high. According to the analyst's forecast, by June 2025, Render could trade around $3.94, with a potential range between $3.07 and $4.35. This optimistic outlook is supported by the cryptocurrency's strong technical indicators and increasing adoption in various industries.

The daily chart for Render shows a constructive pattern, suggesting further upside potential. Although there is a possibility of a bearish divergence on the Relative Strength Index (RSI), it has not yet been confirmed. The growing investor interest and the breaking of resistance trendlines often trigger surges in buying activity, pushing the price higher. This pattern has been observed in Render's recent performance, indicating a bullish sentiment among investors. Render's price movement has been characterized by short-term targets ranging between $2.70 and $3.00. While the cryptocurrency is currently trading sideways near $2.73, the setup suggests that a breakout could be imminent. The technical signals and real-world applications of Render position it as a strong contender among the highest-ROI crypto picks. The continued price surge and growing interest from large investors further support the potential for an upside move in the near future.