The cryptocurrency market has experienced a challenging start to 2025, with Ethereum (ETH) witnessing its worst quarterly decline in years. This downturn has heavily impacted alternative coins, including Render (RENDER), which has lost over 43% of its value this year alone. Despite the bearish sentiment, RENDER saw a notable rebound last week, increasing by 15%, hinting at potential bullish reversal patterns.
Looking at the RENDER chart reveals an intriguing fractal pattern that suggests a significant price surge is on the horizon.
The chart shows two large falling wedge patterns: one in mid-2024 and another currently unfolding. Historically, falling wedges are considered bullish reversals, and the last time this setup appeared, RENDER rallied over 176% in just 73 days from its breakout point.
What’s even more compelling is that both wedges share a similar structure: The price consistently hugged the 50-day moving average (MA) before breaking out. And the timing and price behavior of both the wedges closely align, consolidating along the red support zones. Just like before the last breakout, RENDER is once again tightening around the 50 MA. The circled regions on both wedges suggest that a major move could be underway – if the fractal continues to play out.
What’s Next for Render?
If the current setup repeats itself, RENDER could see another significant bullish breakout in the near future.
It is expected that a brief pullback to the red support zone may occur first, followed by an explosive rally similar to last time. This might push the price back above $10-$12 range within the coming months.
Momentum indicators like MACD are also flashing early bullish signals, further solidifying this fractal-based analysis.
Of course, nothing is guaranteed in crypto. If the wedge breakout fails, a deeper retest of lower support zones may occur. However, based on the chart structure, history could be repeating itself — and RENDER might be gearing up for another breakout rally.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.