$RENDER is maintaining its position within the $1.77–$2.17 Fibonacci support band, indicating sustained buying interest. The market structure remains corrective, keeping the Elliott Wave bullish count technically valid. Traders are closely monitoring for a confirmed higher high to validate a completed five-wave advance. The current price action suggests that $RENDER is testing a key Fibonacci support cluster, with the price trading within a sensitive zone rather than breaking lower. This behavior suggests that downside risk is contained for now, as the micro support range aligns with the 38.2% to 50% retracement area, often acting as equilibrium levels after impulsive advances. From an Elliott Wave perspective, the current pullback fits the profile of a wave four correction, which typically retraces into Fibonacci zones without violating the broader trend. A decisive rally breaking above the previous swing high is needed to confirm a completed five-wave structure, signaling trend continuation. Until then, $RENDER remains at a critical inflection point, balancing higher-timeframe optimism with short-term uncertainty.