RENDER consolidates near $2.40–$2.50, showing accumulation and rising buying interest at the lower boundary of its falling wedge pattern.
Volume spikes around support suggest traders are positioning for a potential bounce toward sequential resistance levels up to $5.40.
A confirmed rebound could drive RENDER higher, targeting $6.50 and $9.80, indicating a potential mid-term bullish reversal in progress.
The token has compressed within the falling wedge since early 2025, with each dip attracting renewed buyer attention.
Rising Buyer Activity at Wedge Support
The token has compressed within the falling wedge since early 2025, with each dip attracting renewed buyer attention. Jonathan Carter tweeted that rising interest at this level suggests a possible rebound from oversold conditions. Volume spikes in this support area indicate accumulation, pointing to traders positioning for a potential upward move.
At the current price range, sellers appear to be losing momentum. Observers note that each retest of the lower boundary has seen buyers step in, strengthening the support zone. The wedge pattern is often associated with bullish reversals after extended downtrends, aligning with the current trading behavior of RENDER.
Market participants are closely monitoring short-term volume and price action. A stabilization near the support may offer opportunities to target sequential resistance levels. Early signals of momentum increase suggest that the token may gradually build strength before attempting a breakout.
Potential Bounce Targets and Momentum
A confirmed rebound from the wedge could propel RENDER toward several resistance targets. According to Jonathan Carter’s tweet, initial price points of interest include $3.05, $4.15, and $5.40. Sustained buying interest and rising volume could extend the rally toward $6.50 and $9.80.
The wedge breakout could coincide with stronger momentum to begin moving higher in the mid-term, and traders will often look for volume to increase to validate a breakout of the wedge by essentially seeing both price confirmation and rising volume confirmation. Watching how the token behaves at each resistance level should give some insight into how the market could behave afterwards.
Technical traders are noting that the current compression may offer a controlled environment for accumulation. Consistent buying pressure at the lower boundary could support higher price levels if momentum continues. The structure of the falling wedge reinforces the potential for a measured rebound in the near term.