Recently, RENDER token has experienced increased volatility due to the dual impact of geopolitical tensions and Bitcoin's breakout. The $1.80–$1.82 range currently acts as a key support zone. If this area holds, it is recommended to consider opening long positions around this region, with a stop loss below $1.78. Resistance can be found at the $1.94–$2.05 level; if Bitcoin consolidates above $75,000, RENDER may attempt an upward move toward $2.12. Overall strategy: participate in the short-term trend following, hold positions when accompanied by strong volume during upward momentum, cut losses decisively if support fails, and continuously monitor macro risks and the trends of major cryptocurrencies.

Following the breakdown of US-Iran negotiations this week, the United States imposed a blockade on the Strait of Hormuz, leading to a sharp rise in oil prices and a strengthening US dollar, with market risk appetite notably declining. After reaching a high of $2.081 on April 11, RENDER quickly pulled back to $1.884 on April 12, accompanied by a significant surge in trading volume, indicating the market's sensitivity to macro risk events. This performance suggests that when geopolitical tensions escalate, investors tend to reduce holdings in high-volatility assets to avoid short-term systemic risks.

Due to Trump's order to blockade the Strait of Hormuz, oil prices surged, US stock futures fell, and the dollar strengthened. This escalation followed failed US-Iran talks in Pakistan, disappointing investors. Elias Haddad from Brown Brothers Harriman noted this will likely reignite risk aversion this week. Investors are also focused on the upcoming Q1 earnings season, seeking corporate leaders' views on rising risks.

Earnings season intertwined with geopolitical crises, market risk aversion reignites.

Recently, Bitcoin has consecutively broken four-week highs and approached the critical $75,000 release level. The negative gamma effect in derivatives markets at this level may amplify price volatility. Once the market trend is confirmed as positive, overall risk appetite toward digital assets can recover. Supported by Bitcoin's rebound, RENDER experienced a single-day rally to $1.921 on April 13, with a large trading volume of nearly 7.1 million, reflecting an influx of short-term incremental funds following mainstream asset gains. If Bitcoin holds above $75,000, upward momentum may further spill over to the altcoin market, and RENDER could test the $2.05–$2.12 range in the near term.

From a daily chart perspective, after forming a bottom around $1.65 in mid-March, RENDER has experienced two rally cycles. The recent pullback retested the $1.80–$1.82 support zone, with multiple upper and lower wicks forming in resonance. If this area holds, it can be considered an ideal short-term accumulation opportunity; long positions are recommended with a stop loss set below $1.78. Initial resistance lies at $1.94–$1.96, breaking through this could open the way to $2.00–$2.05, and reclaiming $2.12 would confirm strong bullish momentum. Sustained trading volume above ten million during upward moves would provide solid support for further breakouts.

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It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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RENDER price today is 1.90, with a live price change of 1.65 in the last 24 hours. Convert, buy, sell and trade RENDER on Bybit-ge.

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