Can Render Price Surpass $100 Mark?

Examining the weekly chart reveals that Render's price is currently far from the $100 target, making it unlikely to reach that level soon, despite online claims. However, switching from this macro (1W) chart to the daily chart shows bullish developments, thanks to various factors like the Fed's rate cut.

At the time of writing, Render crypto displayed a falling wedge formation after peaking in Q1 2024, followed by a significant drop to the support zone. With substantial improvements in Q3, the outlook appears more optimistic.

If Render manages to achieve a change of character (ChoCh) above $7.0, it could reignite long-term bullish confidence, potentially driving the price towards targets of $8.0 and $10.0. Conversely, failing to attain ChoCh could result in continued consolidation below the 200-day EMA band.