RENDER Technical Analysis Feb 3

RENDER is trapped in the critical support zone at 1.56$ and ready to be tested in the short-term downtrend. Nearby resistance is at 1.5980$, while below, 1.5571$ stands out as the buyers’ last line of defense.

Current Price Position and Critical Levels

RENDER is currently trading around 1.56$ and in a position where the short-term downtrend dominates the overall market structure. Although the 24-hour change is +1.10%, the price continues to stay below EMA20 (1.82$), which gives a bearish short-term signal. RSI at 37.38 level is close to the oversold region, but the Supertrend indicator is bearish and shows resistance at 2.10$. 13 strong levels were detected in multiple timeframes (MTF): 2 supports/3 resistances in 1D, 1 support/1 resistance in 3D, 3 supports/4 resistances confluence in 1W. The price has been squeezed in the 1.54$-1.66$ range in the last 24 hours with volume at a medium level of 52.39M$. This structure indicates a potential reaction after liquidity collection, but caution is advised without a trend breakout.

Support Levels: Buyer Zones

Primary Support

The strongest support level stands out at 1.5571$ (score: 72/100). This level coincides with a strong order block (OB) in 1D and 1W timeframes; it has been tested three times in the past and rejected with strong buying volume. The volume profile shows concentrated liquidity here, as large buyers defended this region for stop-loss hunting. It also has confluence with EMA50 (around 1.55$), making it a medium-term entry point for buyers. When the price approaches here, wick formations and doji candles are expected – downside breakout invalidation requires a close below 1.54$.

Secondary Support and Stop Levels

Secondary support at 1.1790$ (score: 63/100) is prominent as a demand zone in the 3D timeframe. This level is at the intersection of the swing low from October 2025 lows and the Fibonacci 0.618 retracement; it experienced two strong bounces with increased volume. Invalidation for a close below 1.1790$ is critical, in which case the downside target of 0.4475$ (score:22) comes into play and the R/R ratio reaches 1:3. Position protection below 1.55$ is recommended as a stop level, as it creates a liquidity gap.

Resistance Levels: Seller Zones

Near-Term Resistances

The most critical near-term resistance is at 1.5980$ (score: 80/100), just above the current price and marked as a supply zone in the 1D timeframe. This region is filled with highs rejected in the recent rally; volume decrease and shooting star candles were observed. It is reinforced by the approach to EMA20 (1.82$), and a clean close is required for breakout – otherwise, fakeout risk is high.

Main Resistance and Targets

Main resistances at 1.8542$ (score:74/100) and 2.0625$ (score:61/100); the first with 1W equal highs, the second with Supertrend resistance confluence. 1.8542$ is from the breaker block of the November 2025 peak and at Fibonacci 0.382 extension; selling pressure dominated in four tests. If 2.0625$ breaks, the upside target of 2.5679$ (score:25) activates. These levels are liquidity pools where big players protect their short positions – high nodes in the volume profile.

Liquidity Map and Big Players

The liquidity map shows the squeeze between 1.5571$-1.5980$; retail stop-losses have accumulated here, and smart money may target these pools. Below, 1.1790$ is a large buyer order block, above 1.8542$ pulls short liquidity. 4 resistance confluences in 1W increase selling pressure from whales – net short positions have increased according to COT data. If price does a liquidity grab from 1.56$, wait for momentum to test 1.5980$; big players are likely long at 1.5571$ and short at 1.8542$.

Bitcoin Correlation

BTC is in a downtrend at 78,300$ level with Supertrend bearish; main supports at 77,503$, 74,604$, 63,235$. Resistances at 79,364$, 82,602$, 87,754$. RENDER is highly correlated with BTC (+0.85); if BTC slips below 77,500$, RENDER tests 1.5571$ and downside accelerates. If BTC breaks 79,364$, an altcoin rally triggers, opening the path to 1.8542$ for RENDER. Dominance increase is risk for alts – monitor BTC dominance.

Trading Plan and Level-Based Strategy

Level-based outlook: If it holds above 1.5571$, long bias (targets 1.5980$-1.8542$, stop 1.54$); on breakout, short (target 1.1790$, stop 1.60$). Target R/R 1:2+, wait for MTF confirmation. For spot, check RENDER Spot Analysis, for futures RENDER Futures Analysis. This is a general market view, not personal advice – risk management is essential.