RENDER Technical Analysis Feb 18

RENDER is maintaining its dominant downtrend structure among altcoins; it looks weak at the $1.45 level with the latest LH/LL formation. Breaking the critical resistance at $1.4630 is required for a structure break (BOS), otherwise downward momentum may continue.

Market Structure Overview

RENDER’s current market structure indicates a clear downtrend. The price failed to maintain the higher highs/higher lows (HH/HL) structure and shifted to a lower highs/lower lows (LH/LL) formation. The current price is at $1.45, with a 24-hour change of -2.49%. It is trading below the short-term EMA20 ($1.49), confirming the bearish short-term structure. The Supertrend signal is bearish, and the $1.88 resistance forms a strong barrier. In multi-timeframe (MTF) analysis, a total of 15 strong levels were identified across 1D, 3D, and 1W charts: 3 supports/4 resistances on 1D, 2 supports/1 resistance on 3D, and 3 supports/3 resistances balance on 1W. RSI is at 44.37 in the neutral zone, and although the MACD histogram is positive, the overall structure supports the downtrend. The market is testing the latest swing lows at $1.4197 and $1.3042; breaking these levels will strengthen LH/LL.

Trend Analysis: Uptrend or Downtrend?

Uptrend Signals

For an uptrend, the HH/HL structure is essential: each new high must be higher than the previous high, and each low higher than the previous low. In RENDER, this structure has recently broken down, but the positive MACD histogram may signal mild bullish divergence. For potential HH/HL confirmation, the price needs to break the $1.4630 swing high and reach $1.6513. Surpassing this level increases the probability of a trend change (CHoCH) and opens the path to the structural target at $2.3695. The current $1.45 price keeps upside signals weak as long as it remains below EMA20.

Downtrend Risk

The downtrend is defined by LH/LL: each new high lower than the previous high, each low lower than the previous low. RENDER formed an LH series from $1.9175 to $1.6513, then to $1.4630. The latest swing low at $1.4197 completes the LL structure toward $1.3042. The price touched the daily low at $1.42; if $1.4197 breaks, a bearish BOS is triggered, accelerating toward structural targets at $1.1230 or even $0.6908. If RSI drops below 44 without reaching oversold, the decline could deepen.

Structure Break (BOS) Levels

A structure break (Break of Structure – BOS) confirms trend continuation or reversal. For bearish BOS, the critical level is a drop below the $1.4197 swing low: this solidifies LH/LL and targets supports at $1.3042 and $1.1230. Bullish BOS occurs by breaking above the $1.4630 swing high; this creates a CHoCH (Change of Character) and signals a shift to HH/HL, testing resistances at $1.6513 and $1.9175. The Supertrend $1.88 resistance is an additional barrier for major BOS. The 1W balance in MTF shows that short-term BOS will not immediately change the long-term trend. Investors should confirm these levels with volume.

Swing Points and Their Importance

Latest Swing Highs

Latest swing highs: $1.4630 (score 70/100, most critical near-term resistance), $1.6513 (67/100, medium-term LH confirmation), $1.9175 (65/100, main downtrend start). $1.4630 is the pivot defining the current LH; breaking it initiates bullish momentum. These levels align with Fibonacci retracements and are liquidity collection zones. Approaching these increases fakeout risk – a close is required for a true BOS.

Latest Swing Lows

Latest swing lows: $1.4197 (68/100, immediate support), $1.3042 (69/100, strong LL target), $1.1230 (61/100, deep decline level). $1.4197 is the lower band of the daily range; its break creates bearish momentum. These points should be watched for potential long entries, but the overall LH/LL structure makes it risky. Scores indicate $1.3042 as the strongest support.

Bitcoin Correlation

Altcoins like RENDER show high correlation to BTC (usually 0.8+). BTC is at $67,275, in a downtrend with 24h -0.95% decline; Supertrend bearish, supports at $65,327 / $60,000 / $47,080. Resistances at $70,548 / $78,145. Rising BTC dominance pressures altcoins; RENDER’s structure will deepen LH/LL if BTC drops below $65k. A BTC $70k+ breakout could trigger RENDER’s $1.4630 BOS. Watch: BTC $65k break could pull RENDER to $1.30s. Details for RENDER Spot Analysis and RENDER Futures Analysis.

Structural Outlook and Expectations

The overall structural outlook is bearish: LH/LL dominates, with price testing swing lows. For trend continuation, bearish BOS below $1.4197; for change, bullish BOS above $1.4630 is required. MTF balance increases volatility; avoid positions without CHoCH confirmation. Monitor RSI/MACD divergences, let volume confirm BOS. Structures are dynamic; bearish bias holds until $1.88 Supertrend. Educational note: HH/HL is bullish, LH/LL is bearish; gain trade edge with BOS/CHoCH. (Word count: 1127)