RENDER might break through the horizontal resistance at $7

RENDER, a leader in decentralized GPU-based rendering, has faced turbulence this month, currently trading at $5.48 after hitting resistance near $6.80. However, recent price action hints at a potential reversal.

The token remains within a bullish range, successfully defending an ascending trend line that has provided support since August. While constrained by another ascending trend line, these two lines form an ascending wedge. Despite increased selling volume over the past week, **RENDER price** maintains its bullish trajectory.

Having previously bounced off its downward trend line support, RENDER appears ready for a rebound. After a brief consolidation, analysts believe the price could initiate an upswing, potentially reaching the wedge's upper boundary soon. If it mirrors past movements, **RENDER price** could target the $7.00 level, offering a strong upside for investors.

In the long term, if positive momentum continues, RENDER might break through the horizontal resistance at $7 and the wedge's upper boundary, opening up further growth opportunities.