FIB Level to watch: Measured from swing high $6.116 to low $2.476, we have the following retracement zones:
Level
Price
0.236
$3.335
0.382
$3.866
0.5
$4.296
0.618
$4.726
0.786
$5.138
RSI (14): Bullish but Not Overheated
Current RSI: 47
RSI(Daily) - 61
Recent High: 66.11
Interpretation: Momentum is strong but not yet overbought, offering room for continued upside. A breakout above 70 could signal short-term overheating, though it may also confirm trend strength.
Summary Outlook: Eyes on $4.72 Breakout
RENDER is riding a bullish wave with price action reclaiming major Fib levels and RSI pointing up. The $4.72 resistance (Fib 0.618) is the most important level to break for sustained upside. If bulls succeed, targets between $5.13 and $5.75 come into play.
Indicator
Support
Resistance
RSI(4h)
44.00
70.00
RSI(daily)
60
Fib 0.5
$4.296
$4.726 (0.618)
Fib 0.786
—
$5.138
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.