$RENDER is still respecting the descending channel, and the midline rejection is a clear sign that sellers remain in control. Every attempt to push higher is getting sold into, which keeps the structure bearish and intact. As long as
#render stays below the channel resistance, upside moves are just relief bounces, not reversals.
If
#render loses the lower channel support, we could see accelerated downside toward the next demand zone. Bulls only get breathing room if
$RENDER can reclaim the midline and hold above it, otherwise the path of least resistance remains down. Trade accordingly and don’t fight the trend.