RENDER Is $1.366 the Next Stop Before a Major Market Reversal?Yello Paradisers! Are you prepared for the drop that could clean out both bulls and bears before the real move begins? Or will you be caught in another trap?
💎#RENDERUSDT has broken down from its ascending channel. This confirms that bullish momentum has faded, and the structure no longer supports higher prices.
💎The price is now trading below both the 50 EMA and 200 EMA on the daily timeframe. These are key trend indicators. Losing them shifts the bias to the downside. After rejection from the $5.00–$5.40 supply zone, the market failed to make a new high. That area remains strong resistance. Bulls must reclaim it to regain control.
💎Previous support around $4.00 has now turned into resistance. As long as price stays below this zone, lower targets remain in play.The next support is around $2.46, but that may only offer temporary relief. The real demand zone sits near $1.366, where stronger buying interest is expected.
💎Tether dominance (USDT.D) is showing early signs of risk-off behavior. It has reclaimed the 21, 50, and is now testing the 200 EMA at 4.88%. This suggests capital is rotating out of altcoins and into stablecoins.This shift is backed by rising volume. It's not retail noise it’s institutional positioning. The market is preparing for a deeper correction.
Stay disciplined. The next big opportunity will come to those who wait not those who chase.
MyCryptoParadise
iFeel the success🌴
