RENDERUSDT Below Key Support—But Is a Massive Reversal Incoming?
2025-02-03
Category: None

Yello, Paradisers! #RENDERUSDT just broke a critical support level, triggering a major downside move. But here’s where things get interesting—before this drop, RENDER left behind wickless candles at $8.70 to $8.80, signaling unfinished business at higher levels. Could a sharp reversal be on the cards? Let’s break it down.

💎Right now, #RENDER has tested the breakout support region between $3.40 - $3.15—the same level that originally fueled its last major rally. This is a key demand zone where bulls are likely to step in aggressively, triggering short-covering and possibly even a higher time-frame reversal.

💎Sellers need to be extremely cautious here. This zone has the potential to create a slingshot effect, where a sudden surge in buying pressure could trap shorts and send RENDER flying back up before they can react.

💎If bulls successfully defend this level, the first upside target sits at $5.65. A breakout above this could open the door toward $6.25 - $6.55, a pivotal resistance zone that will determine whether RENDER can regain full bullish momentum. Strength above this level would likely send the price surging toward the wickless candle at $8.80, where unfinished liquidity could be swept.

Patience and discipline are key here, Paradisers. The market often tests both bulls and bears before making decisive moves, so stay vigilant.

MyCryptoParadise
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