Render Token (RENDER) is experiencing a potential downtrend, with a likelihood of further decline towards the 1.123 level due to liquidity sweeps. If this level is breached, a strong buying interest could trigger a short-term rebound, targeting the 1.179 to 1.285 range, with a possible peak at 1.408. However, the overall market trend remains bearish, suggesting that any rebound may be short-lived, with resistance potentially leading to renewed downward pressure. Traders are advised to enter positions only after confirming signals such as pin bars, engulfing patterns, or volume changes, and to set stop-losses at swing lows/highs or structural pivot points. A decisive break below the 1.123 level with a daily close could invalidate long positions, indicating further downside risk.