Are you someone who has been watching the Render price charts and wondering if it’s a good time to take a position? Then, you are right where you need to be. Let’s take a deep dive into the latest Render price action and identify what trends are emerging. The Layer-2 scaling solution built on the Ethereum blockchain has had a rough first quarter in 2025. With a migration from Ethereum to Solana planned for Q2, the price may soon undergo a phase of high volatility. With that in mind, let’s dive into the latest Render price trends and uncover possible scenarios for the coming days.
Render commenced the trading session at $4.439. The upward trend from the previous day continued to push the prices up, and Render scaled the charts. By 4:00 UTC, the Render price had reached $4.56. However, since then, the bears assumed control of the price action with the death cross. An extended downtrend followed, leading Render to $4.416 by 8:00 UTC. A stark reversal was expected at this point, but Render could not muster enough buying pressure, and a trading range followed. This consolidation lasted till noon.
Chart 2: analyzed by raodevansh18, published on TradingView, May 1, 2025
Around 12:05 UTC, a massive death cross emerged, and the Render price plunged to $4.132 by 14:00 UTC. The coin had been heavily oversold for the past hour, and a strong reversal was due. The reversal arrived with the 14:15 UTC golden cross as a stable uptrend ensued. This extended bullish Render trend pushed the price up to $4.476. However, the RSI constantly worked close to the overbought level, validating some bearish action. But, Render showed resilience and formed a trading range close to the $4.48 mark. This trading range continued till midnight.
Render Continues to Post Gains, Tests $4.61 Resistance.
At midnight, the Render price stood at $4.46. The slight death cross from yesterday boosted the prices slowly. Soon, Render tested the resistance at $4.61 at 2:30 UTC. However, the initial test failed, and a downtrend emerged due to the overbought RSI. The bearish Render trend led it to find support at $4.478. The initial bounceback from the support level was not potent enough, as the Render price returned to it at 6:45 UTC. However, since then, Render has formed a confident uptrend and was last seen testing the resistance.
What Do the Technical Indicators Reveal for Render Token?
The Relative Strength Index Indicator has been signalling the trends accurately. However, it has quickly jumped to the overbought levels even with gradual uptrends. Similarly, the RSI went far into the oversold region when the price dipped yesterday afternoon. As of now, it hints at a slightly bullish trend developing.
The MACD indicator has effectively defined the intensity of incoming trends. However, other than yesterday’s momentous drop, no dramatic action has yet unfolded on the MACD indicator. As the Render token approaches the resistance, the golden cross it has formed is heading towards a bearish convergence.
Render Price Seeks to Breach $4.61 Resistance.
As of now, conditions look ripe for a resistance break. However, with the RSI already close to 70, the Render trend may not have enough fuel to go beyond $4.61. This means a strong reversal is bound to come. If Render can showcase some resilience and hold on to support close to $4.5, then we may be on for some more gains today.
About The Author
