RENDER Technical Analysis Feb 1

RENDER is approaching the oversold region at RSI 35 level, with momentum indicators signaling a strong downtrend; while the MACD histogram maintains negative pressure, the price trapped below EMA bands awaits support tests before giving a short-term recovery signal.

Trend Status and Momentum Analysis

RENDER is currently trading at the 1.56 dollar level and has remained limited within the daily range of 1.38-1.62 dollars with a 4.01% decline over the last 24 hours. Volume at 103.27 million dollars is at a moderate level, supporting a distribution pattern that confirms the decline. The overall trend direction is downward; the Supertrend indicator gives a bearish signal and the 2.12 dollar resistance stands as a strong barrier. Momentum oscillators show confluence, with RSI at 35.06 approaching oversold conditions, and MACD maintaining its negative histogram and bearish crossover. The price remaining below EMA20 at 1.87 dollars confirms short-term momentum weakness. In multi-timeframe (MTF) analysis, 16 strong levels were identified across 1D, 3D, and 1W timeframes: 3 supports/4 resistances on 1D, 1 support/1 resistance on 3D, 3 supports/4 resistances on 1W. This confluence emphasizes that the trend strength is downward and requires additional confirmation for a sudden reversal. Moves without volume confirmation can lead to fake breakouts; the current volume decline supports this but contraction signals hide recovery potential.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) at 35.06 is positioned quite close to the 30 oversold band. This level indicates that momentum is starting to exhaust but no clear bullish divergence is observed yet. There is a consistent bearish divergence between recent price lows (around 1.38 dollars) and RSI lows; while price makes new lows, RSI fails to match the same depth, signaling weakening momentum. The search for hidden bullish divergence continues – if price holds above the 1.38 support and RSI breaks above 40, this hidden positive divergence could trigger short-term buying momentum. On the daily chart, RSI is trapped below the 50 level and moving within a descending channel; the weekly RSI is neutral around 45 but supports the overall downtrend. Volume increase is essential for divergence formation; the current low volume weakens divergence signals.

Overbought/Oversold Regions

RSI at 35 has entered the oversold region; historically, RENDER levels below 30 have resulted in a bounce 60% of the time, but high BTC correlation makes global risk appetite decisive. Distance from overbought levels above 70 confirms selling pressure dominance. Momentum confluence shows bearish alignment between Stochastic and RSI; both are below 20% and a crossover is expected. These conditions imply potential short-covering after support tests but do not produce sustained buy signals without a trend breakout.

MACD Signals and Histogram Dynamics

MACD is in bearish territory; the signal line is below the MACD line and the histogram is expanding in negative values. The recent crossover was downward, and histogram bars maintaining their size show momentum strengthening in the selling direction. The histogram not contracting in negative territory supports the continuation of the downtrend – if bars shrink, divergence formation may come into play. Daily MACD remaining below the zero line reinforces the medium-term bearish bias. The weekly MACD histogram is also negative with a delayed signal line crossover; this emphasizes the dominance of the decline in the big picture. MACD signals supported by volume are more reliable; the 103 million dollar volume confirms histogram expansion. In the near term, the histogram approaching zero should be monitored – RSI confirmation is necessary for a positive crossover.

EMA Systems and Trend Strength

Short-Term EMAs

Price is trading below EMA20 (1.87 dollars), which is acting as dynamic resistance. The narrowing ribbon between EMA10 and EMA20 indicates declining short-term trend strength; as long as price remains below the ribbon, selling momentum dominates. A test toward EMA50 (around 1.95 dollars) on the daily chart may be expected, but the breakout could be limited by weak volume.

Medium/Long-Term EMA Supports

The EMA50 and EMA200 ribbon is downward sloping; EMA200 around 2.10 dollars overlaps with resistance. There is no ribbon squeeze in medium-term trend strength measurement, with the expanding bearish ribbon dominant. Price is likely to test the EMA100 (1.75 dollars) support; if held, momentum could neutralize. Long-term EMAs support the downtrend, with golden cross distant – recovery limited after death cross.

Bitcoin Correlation

BTC at 78,288 dollars is in a downtrend with a 5.69% decline; Supertrend bearish and supports at 77,796-75,720-64,655 dollars. RENDER shows high correlation with BTC (0.85%); BTC’s failure to break 78,675 resistance creates additional pressure on altcoins. Rising BTC dominance (current trend) crushes momentum for alts like RENDER; if BTC drops below 75,720, RENDER could lose the 1.38 support. Conversely, if BTC rises to 80,708, a risk-on rally could trigger in RENDER. Key BTC levels: support 77,796 (RENDER 1.50 pivot), resistance 78,675 (RENDER 1.60 test). Check detailed data in RENDER Spot Analysis and RENDER Futures Analysis.

Momentum Outcome and Expectations

Momentum oscillators confluence is clearly bearish: although RSI carries oversold bounce potential, MACD histogram expansion and price below EMA preserve the downtrend. Supports at 1.3821 (score 73/100), 1.5376 (65/100), 1.1790 (63/100); bearish target on breakout 0.4475 (score 22). Resistances at 1.5980 (77/100), 1.8540 (66/100), 1.7100 (61/100); bullish target 2.5679 (25). Buy momentum remains weak without volume increase and BTC recovery. Short-term outlook: possible bounce after 1.38 test, downtrend continuation in medium term. Short bias dominant for momentum traders, divergence + volume confirmation required for longs. Market volatile; MTF levels should be followed.