Render price broke above a months-long downtrend as market cap climbed from $600 million to $1.2 billion, signaling a structural shift that caught attention after extended consolidation. The token reclaimed key resistance levels and held them, suggesting buyers are defending higher ground after the asset spent most of 2025 trapped in a descending channel.
What Happened: Breakout Confirmed
Data shows Render's market cap expanded steadily rather than spiking on thin liquidity.
The price pushed above its downtrend line and reclaimed the $2.00-$2.10 zone that capped rallies for months.
Buyers stepped in to defend the breakout area instead of letting it collapse, which technical analysts view as confirmation of trend reversal.
The demand zone between $1.00 and $1.20 absorbed selling pressure throughout the decline. That region now functions as support rather than a temporary bounce point, according to chart patterns.
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Why It Matters: Reset Complete
Drawdown from Render's all-time high approached 90% before the recent recovery began. That level of compression typically means most sellers who wanted to exit have already done so, leaving fewer participants willing to dump at lower prices.
The 4-hour chart shows RENDER reclaimed its 100-period simple moving average after months of trading beneath it.
Momentum picked up once price cleared that technical barrier, pushing the token into the $2.40-$2.60 range where prior resistance and Fibonacci levels cluster.
Analysts project RENDER could reach $3.09 within one month if the price breaks through the $2.60-$2.80 ceiling and maintains support above $1.80-$2.00.
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