$RENDER / USDT

Price remains inside a corrective structure after a strong sell-off. The bounce from 1.217 was reactive, not impulsive. Structure is still lower highs, lower lows on this timeframe.

Current price is trading back into prior supply between 1.27–1.31, where sellers previously stepped in.

Short interest:

Rejection from 1.28–1.31 with confirmation.

Long interest:

Only near 1.22–1.23 if that support holds again.

Invalidation:

Acceptance above 1.32 would break the corrective structure and signal strength.

Until that happens, this remains a relief bounce, not a trend shi