$RENDER is showing one of those moves that makes you stop scrolling and actually look at the chart twice. Price didn’t just drift higher, it stepped up with intent. From the 1.38 area, buyers stayed patient, absorbed every small pullback, and then pushed price straight through the mid range like it wasn’t even there. That kind of behavior usually tells you this move wasn’t random.
Look at how price is riding the upper Bollinger band now. That’s strength, not exhaustion. Weak pumps spike and instantly snap back. This one is expanding, breathing, and holding above previous The candle that tagged 1.539 didn’t get instantly sold off. Instead, price is hovering near the highs, which is exactly what strong trends like to do before deciding the next leg.
Volume confirms the story. Activity picked up as price reclaimed the 1.46 to 1.48 zone, and instead of fading, volume stayed healthy on the push higher. That means participation, not just a quick squeeze. When volume expands with price and then stays elevated, it often means the market is comfortable at these levels.
The structure is clean. Higher lows are clearly visible, and every dip has been met with quick bids. Even the pullbacks are shallow, which shows sellers are not confident enough to press hard. The mid Bollinger band around 1.45 has flipped from resistance into support, and price respecting that area is a big deal for continuation.
If momentum stays like this, the 1.50 to 1.55 zone is no longer a ceiling, it becomes a decision area. Acceptance above it opens the door for continuation toward higher ranges, while any healthy pullback toward 1.47 or even 1.45 would still keep the bullish structure fully intact. Only a loss of that zone with strong selling would change the tone, and right now there is no sign of that.
This is the kind of chart where chasing blindly is risky, but fading it without confirmation is even riskier. RENDER is acting like a market that wants higher prices, not one that is done.
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