$RENDER on the weekly timeframe, highlighting a clear corrective wave structure after a major peak. Price has been consistently trending downward, forming lower highs and lower lows.
A key Resistance zone is marked around $3.22, which previously acted as Support but has now been broken. The chart also outlines a deeper potential retest zone near $0.81–$1.04, suggesting that price may revisit this area if bearish momentum continues.
Overall, the setup shows RENDER still in a corrective phase, with the lower support zone being a possible level for buyers to step in if the decline extends.
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$RENDER on the weekly timeframe, highlighting a clear corrective wave structure after a major peak. Price has been consistently trending downward, forming lower highs and lower lows.
A key Resistance zone is marked around $3.22, which previously acted as Support but has now been broken. The chart also outlines a deeper potential retest zone near $0.81–$1.04, suggesting that price may revisit this area if bearish momentum continues.
Overall, the setup shows RENDER still in a corrective phase, with the lower support zone being a possible level for buyers to step in if the decline extends.