This Chart Pattern Could Trigger a 100% Rally for RENDER Price – Here's Why

RENDER is making some serious moves right now. After a long period of trading sideways, the price just broke out of a key chart pattern, and it's catching attention.

Render (RNDR) price is showing strength as it breaks out of a key chart pattern, sparking anticipation for a potential 100% rally, according to a prominent analyst.

Render Breaks Out Of Key Chart Pattern

After a period of trading sideways, rendering the apex of a nearly perfect downward channel, the price of Render broke higher, finally clearing a key horizontal resistance at $3.45-$3.50.

The breakout was met with optimism by prominent analyst World Of Charts, who highlighted the move and suggested that RNDR price could be setting up for a strong rally, possibly even a 100% move toward the $7 to $8 range.

"Expecting a solid bullish wave toward 7-8$ after a successful breakout from the apex of the channel and retesting the lower timeframe support, which is the $3.5 area, on good volume.

$Render #Render"

Render Key Support and Resistance Areas

The $3.45 to $3.50 zone now serves as a critical support level after being flipped from resistance. This level acted as a base during the recent consolidation and played a central role in the breakout confirmation. If the price of RNDR continues to stay above this level, it could attract further buying pressure.

Chart projections place the next major resistance between $7 and $8, based on prior highs and the calculated target from the breakout structure. This corresponds with the area identified in the post by World Of Charts, aligning technical expectations with historical price behavior.

Render Price Target and Measured Move

The price structure on the chart suggests a measured move toward the $7.10 area. This target is derived from the size of the consolidation zone and reflects a potential 100% rally from the breakout point. The breakout occurred after a tight range formed between $3 and $3.5, creating the base for this move.

This type of measured breakout is often used by traders to estimate future price potential. The clean break and volume spike support this projection, assuming the asset maintains momentum and avoids falling below the $3.5 support.

Render Key Support and Resistance Levels:

Support 1: $3.45 – $3.50 (flipped resistance)

Support 2: $3.00

Resistance 1: $7.00 – $8.00 (prior highs)

Render Rallies 11.55% Today

Render is currently up 11.55% in the past 24 hours, now trading at $3.74. It's also showing strength in trading volume, which has surged by 65.75%.