Render's (CRYPTO:RNDR) price rally is on the verge of validating a double bottom pattern, signaling potential further upside of up to 20%.

Increasing participation and bullish conditions among investors suggest ongoing support for RNDR's price surge.

With approximately 90% of the supply currently profitable, Render still has room for growth before reaching a market top, typically observed at 95% supply profitability.

As RNDR approaches the $11.2 resistance level, validation of the bullish pattern could propel its price towards $11.5 and beyond.

However, failure to breach $11.2 may lead to a correction, potentially pushing Render's price down to $9.2, invalidating the bullish outlook.