$RENDER is currently reacting from a key demand zone around the $1.60–$1.62 region, where price is attempting to hold support after a corrective move from the recent high.

If this support continues to hold, a move back towards $2.00–$2.02 becomes likely, with further upside extension towards the projected D leg near $2.30–$2.40.

On the downside, losing the $1.60 support would invalidate this recovery setup and expose price back towards the $1.45–$1.30 region.