Render (RNDR) Price Breakout: Is a Rally to $5+ on the Horizon?

RNDR/USD 4H Chart Analysis – Strong Bullish Breakout Ahead?
Render Token (RNDR) has just broken a key trendline resistance, signaling a potential strong uptrend. Here’s why traders should pay close attention to this breakout.

🔥 Key Insights:
✅ Breakout Confirmation: The price has pushed above a long-term descending trendline, indicating bullish momentum.
✅ Retest & Continuation? A successful hold above the $3.90 - $4.00 zone could confirm the breakout and lead to higher price targets.
✅ Key Targets (Take Profits):

🎯 TP1: $4.47 – First resistance level.

🎯 TP2: $4.83 – Major resistance zone.

🎯 TP3: $5.21 – Strong psychological level.
✅ Moving Average Support: Price is now trading above the MA (3.56), acting as dynamic support.

📈 Trading Outlook:
If RNDR holds above $3.90, buyers could push the price towards the $4.50 - $5.20 range in the coming sessions. A rejection here may lead to a retest around $3.50-$3.60 before another push higher.

🚨 Bullish or Bearish?
This is a strong bullish setup, but confirmation above $4.00 with volume is key for sustained momentum. Keep an eye on Bitcoin and market sentiment!