RNDR faces tough resistance at $3.748 while holding strong support near $2.476. A breakout above the flag’s red trendline could spark a multi-leg move to $6.70. Dense volume near $2.60–$3.00 signals accumulation after sharp early 2025 selloffs. The Render Network’s RNDR token trades near a key consolidation level after a sharp multi-month decline. Technical indicators across multiple timeframes show rising momentum, with analysts identifying potential upside targets and major resistance zones. Key Levels Shape Medium-Term Price Outlook One technical analyst, Dark Horseman, has provided a complete analysis, tracking RNDR’s structure and key price reactions. He identified the volume profile point of control (VP-POC) as near $2.94–$3.01, where the previous consolidation occurred from August to October 2024. This base supported a breakout in November that drove the token toward $11 in December. Source: Dark Horseman According to Dark Horseman, RNDR remains below the 50-day EMA at nearly $4.02, with multiple failed breakout attempts since February. He stated that this moving average acts as a dynamic resistance, pushing back each bullish attempt. Current immediate resistance stands at $3.748, where March’s candles failed to close above across multiple sessions. This analysis also pointed to the $6.677 zone as a key horizontal resistance, marking a former range high before the November rally. He described $2.476 as crucial support, matching March’s swing low and aligning with mid-2024 consolidation. Volume bars between $2.60 and $3.00 show dense activity, forming a demand zone supporting recent rebounds. Dark Horseman also noted that the Stochastic RSI now shows oversold conditions, with values at 8.54 and 19.04. In his analysis bullish crossover appears to be forming, often aligning with short-term upside reactions. Despite this, lower highs since January have maintained a bearish structure until stronger resistances break. Weekly Formation Signals Larger Structural Rebound Solberg Invest has presented a comparative analysis using Render’s weekly timeframe, tracking multi-year price compression and breakout targets. His focus spans longer-term support levels, flag structures, and historical peak zones, offering broader market context. Source: Solberg Invest He observed that RNDR’s price bounced from the $2.10–$2.40 trendline, which has remained unbroken since early 2023. This ascending support has absorbed repeated selloffs and aligns with recent weekly momentum from current levels. According to Solberg Invest, price remains trapped between this support and a descending red resistance that spans past 2023 highs. Solberg projected a first upside target at $6.70, matching prior rejection levels from 2023 and early 2024 rallies. The second target previously stood at $15.60, but he recently adjusted expectations toward $6.00 due to recent market behavior. The pattern shows a potential multi-leg breakout, contingent on reclaiming the upper resistance boundary.