Is RENDER Gaining Bullish Momentum? Key Charts You Need to Watch
Jakarta, Pintu News – RENDER, the native token of the Render project , is back in the spotlight as signs of a new resurgence in the crypto market as a whole.
In addition to the positive sentiment towards artificial intelligence and decentralized computing, RENDER prices have started to show an upward trend after several months of consolidation.
The recent sharp reversal, supported by an increase in trading volume, indicates that traders are preparing for a follow-on move, not just a momentary spike.
Currently, RENDER’s price movement reflects confidence in the continuation of its uptrend, although the market continues to test key points that will determine its next direction.
What the Render Chart Reveals About the Next Move
After several weeks of sideways movement, RENEDER finally broke through the key resistance zone in the $1.80-$2 range.
Read also: Pi Network Price Inches Up Today – Are Large Deposits Fueling Selling Pressure on Pi Coin?
On January 8, Render’s price stood at $2.20, recording a weekly gain of over 60%. Its market capitalization also jumped sharply to $1.14 billion, signaling significant capital inflows into the market.
Furthermore, the price of RENDER is eyeing the $3-$4 zone, an area where market participants with bearish sentiments are starting to place positions. However, after a sharp surge in buying, the possibility of a correction remains as traders usually take profits at important levels.
On the upside (bullish), if the price manages to break the $3 level, then there is potential for further movement towards $5. Conversely, if the price drops below $2, the upward momentum could be temporarily halted.
Additionally, analyst LLuciano BTC gave a positive outlook in his latest post. He mentioned that the Render price has reversed from the demand zone and is now entering an uptrend. If this trend continues, the RENDER token could potentially reach the $10-$12 level in the coming weeks.
As long as RENDER continues to trade above the $2 support zone, the chances of a big rally remain open.
What does Market Sentiment and Derivatives Data Reveal?
Data from Coinglass shows that open interest (OI) on the Render futures contract increased sharply from $30 million to $59 million this week. This significant spike indicates that large institutions are starting to open long positions. Amidst this increase in OI, traders with bearish positions seem to be stuck.
Read also: Bitcoin Price Reaches $91,000 Today: BTC Reversal Could Be a Further Decline?
In addition, the OI-weighted funding rate remained in the positive zone, reflecting the bullish market sentiment. The long to short ratio being above 1 also signals that more traders are going long.
That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinpedia. Render (RNDR) Price Action Shows Bullish Momentum: Key Resistance and Support Levels. Accessed on January 9, 2026
