RENDER / USDT — Bullish Technical Analysis (Higher Timeframe)

Completed Deep Correction, Fresh Reset

RENDER has already gone through a full corrective cycle from its peak, shaking out weak hands. Deep resets like this typically mark the end of distribution and the beginning of a new accumulation phase.

Clear Descending Wedge Structure

Price has been compressing inside a falling wedge, a textbook bullish reversal pattern. These structures almost always resolve to the upside once selling pressure fades.

Strong Demand Zone Respected

The lower range around current levels has repeatedly absorbed sell pressure, showing aggressive dip-buying and strong demand interest.

Momentum Building After Capitulation

The sharp move into the lows followed by stabilization indicates capitulation already occurred. Markets usually reverse after such events, not before them.

High-Probability Trend Reversal Setup

Higher lows forming inside the compression suggest momentum is quietly shifting from sellers to buyers.

Upside Expansion Path is Clear

Once price breaks out of the wedge, the chart opens a clean path toward prior resistance zones around $4.9 → $7.4 → $9.9, with momentum likely accelerating as each level flips into support.

Extreme Discount from Highs

RENDER is trading far below its previous value areas, creating a strong mean-reversion opportunity. Even a conservative recovery implies multi-X upside from current levels.

Conclusion:

RENDER is positioned at the end of a bearish cycle and the start of a new bullish phase. Compression, demand absorption, and structure alignment all point toward a powerful upside expansion once the breakout confirms. This is exactly how major trend reversals begin.