The Render (RENDER) cryptocurrency is showing signs of renewed market interest with a significant surge in trading volume. Analyst Crypto Patel notes the token is positioned at a critical high-timeframe bullish order block, with $0.845 acting as essential structural support. A decisive break above the $2.71 resistance level could signal a potential trend shift towards higher price targets.
The Render token gained attention on March 24 as on-chain data showed increased market participation. According to CoinMarketCap, RENDER was trading at $1.72, marking a 4.79% daily increase alongside a 117.89% surge in volume to $108 million.
Analyst Crypto Patel highlighted a chart pattern resembling the asset’s previous major rally. “The analyst flagged the HTF bullish order block, with $0.845 acting as key structural support,” noting the token is in a long corrective range after a roughly 90% drawdown from its all-time high.
Patel identified major high-timeframe demand zones between $1.35 and $1.00. He stated that the bullish outlook remains valid so long as the price holds above the $0.845 level on a higher timeframe close.
For a confirmed trend shift, the analyst said RENDER needs to break the $2.71 mark. Patel listed potential upside targets at $2.70, $5.50, $13.00, and beyond $28 if the bullish pattern continues.
Derivatives data from CoinGlass shows rising market activity. The platform reported a 57.13% increase in futures volume to $135 million, while open interest rose 2.89% to $48.68 million.
