The price of Render (altcoin) has been declining along with Bitcoin, dropping nearly 65% since reaching a high of $11.75. It currently trades at $3.72 with a 10.71% decrease this week. The altcoin has been in a bearish trend since December and technical indicators suggest a potential crash in its price. The weekly RSI is approaching oversold levels and the 50 and 100-week EMA lines indicate a potential crossover. If the price breaks below the critical support at $3.60, it could test support levels at $2.73 or $1.19. However, there is a possibility of a bounceback if the price rejects the $3.60 support level. If it reverses bullish, the immediate resistance is at $5.81, offering an upside potential of 40%. The downside risk ranges from 27% to nearly 70%.



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