RENDER Tests Key Fractal Support Amid 30% Downside Risk

Render (RENDER) is currently at a critical juncture as it tests a key fractal support level, with traders and analysts closely watching for signs of reversal or further decline [1]. The token has fallen back into a familiar price pattern reminiscent of earlier breakdowns, raising concerns about a potential short-term pullback. As of August 16, 2025, Ethereum (ETH) has cooled off from its recent peak of $4,780 to $4,440, and this broader market correction has impacted altcoins, including RENDER, which has turned negative for the day [2].

On the daily chart, RENDER remains within a falling wedge formation, a technical pattern that can trend bullish in the long term but often faces near-term resistance before breaking out [2]. The current situation mirrors the events of June, when the token broke below both its 100-day moving average and the RSI-based support level, triggering a sharp 34% drop to the wedge’s lower boundary around $2.75 [2]. Now, the price is once again testing these levels—this time around $3.91 for the 100-day MA and 49.57 for the RSI—creating a similar confluence of support [2].

If the current fractal support fails to hold and the price breaks below these levels, it could lead to another significant correction, potentially bringing RENDER down to the wedge’s lower boundary near $2.70, a nearly 30% drop from its current level [2]. This scenario would align with historical price behavior and suggest a continuation of the bearish trend.

Conversely, a strong defense of the key support levels, particularly the 100-day MA, could signal a resumption of the bullish trend. According to TradingView user Richtv_official, a rebound above the recent swing high of $4.26 would invalidate the bearish fractal and potentially lead to an upside breakout from the wedge [1]. Such a move could attract renewed buying interest and shift momentum in favor of the bulls.

Fractal analysis, while not a definitive predictor, provides valuable insight into key psychological levels where market participants tend to act. The current test of these levels is a critical moment for both bears and bulls, with the broader market sentiment and liquidity conditions playing a background but important role in how the level is honored or broken [1]. Traders are advised to closely monitor volume and order flow around this key level for early signs of strength or weakness.

At this stage, RENDER sits at a pivotal inflection point. The outcome of this fractal support test could have far-reaching implications for the token’s short-term trajectory and possibly influence broader market narratives [1]. A successful defense would reinforce bullish sentiment, while a breakdown could lead to renewed bearish pressure, especially in a market already showing signs of consolidation.

As always, traders are encouraged to conduct their own research and use multiple technical and fundamental indicators when making investment decisions. The cryptocurrency market remains highly volatile, and while fractal analysis offers a useful framework, it should be used in conjunction with other tools to build a comprehensive trading strategy [1].

Source:

[1] Trading Ideas and Scripts — https://www.tradingview.com/u/Richtv_official/

[2] Render (RENDER) Testing Key Fractal Support – What Could Come Next? — https://coinmarketcap.com/community/articles/68a0388146****272166e55e/