• Render remains locked in a range despite a slight daily uptick.
• Volume and open interest sharply decline, reflecting reduced market interest.
• Price faces key resistance at $5.50, with support at $4.00 holding.

Render is gradually rising as the overall cryptocurrency market remains neutral. The token is trading at $4.23, showing stability over the past 24 hours, though it’s still down 2.77% over the past week, reflecting ongoing market uncertainty.

Next is the sharp drop in market activity. Render’s 24-hour trade volume is down 32.93% to $54.12 million. Market cap stands at $2.19 billion, showing investor optimism for the long term, but short-term trader interest is fading.

Render Price Range Bound Between $2.70 and $5.50

Crypto analyst Ali (@ali_charts) referred to Render’s current trend of consolidation, where the token has been fluctuating between $2.70 support and $5.50 resistance since the early months of 2025.

The 12-hour candlestick chart clearly illustrates RNDR attempting to form higher lows, with the $4.00 level now providing short-term support following the rejection around $4.60.

This continuing pattern of symmetrical swings is bearish and does not have much conviction within the marketplace. Historical performance data proves RNDR cannot overcome the $5.50 level of resistance, as it has had unsuccessful attempts throughout April and May.

Success overcoming the level may take the price up to $6.00, but failure to break support at $4.00 may set the level back to $3.60 or the low $2.70 boundary.

Also Read: Render (RNDR) Price Surges 5.64%: Is a Breakout to $8.30 Coming Soon?

Open Interest and Volume Drop Reflect Weak Market Momentum

Further market data ratifies the present flatness. Open interest is down by 1.95% to $122.24 million, indicating reduced speculative interest.

Even more informative is the plummet of the trading volume by 29.72% to $74.55 million, a sign of waning interest on the part of short-term speculators.

The Open Interest-Weighted (OI-weighted) index is just 0.0075%, with the latter indicating the virtual lack of directional conviction by the leveraged community.

Such a lack of momentum is characteristic of the sideways movement, suggesting the RNDR is now undergoing one of its low-volatility periods. Any meaningful breakout, bullish or bearish, will hinge on the renewed buying/selling pressure or the fundamental trigger.

The price for Render is stuck in a narrow range as the crowd waits for the breakout cue. With major levels neatly marked and the participation measures on the decline, the future direction for RNDR remains uncertain.

It will likely be determined by volume spikes or some kind of external catalyst. For now, the crowd might just keep watching the token swing inside its present consolidation range.

Also Read: Render (RNDR) Price Watch: Key Levels to Watch Before the Next Big Move