{"id":11643,"date":"2024-10-04T23:00:08","date_gmt":"2024-10-04T23:00:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=11643"},"modified":"2024-10-04T23:00:08","modified_gmt":"2024-10-04T23:00:08","slug":"render-uptober-may-come-late-as-token-loses-13","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=11643","title":{"rendered":"RENDER: \u2018Uptober\u2019 May Come Late As Token Loses 13%\u00a0"},"content":{"rendered":"

Render (RENDER) underperforms in the face of the market\u2019s current pullback, resulting to the token experiencing a strong pullback in the past couple of days. According to CoinGecko<\/a>, RENDER fell by nearly 13% since last week, putting into perspective the bearishness that overcame the market\u2019s bulls in the start of October.<\/p>\n

Although the market fell by a small margin, it caused a massive liquidations of both long and short positions holding the token. For Render, \u201cUptober\u201d might come later this month as the token recovers lost ground against the bears. However, on-chain developments continue to come for one of the most well-known decentralized physical infrastructure (DePIN) protocol.\u00a0<\/p>\n

Render Displays September Achievements\u00a0<\/strong><\/h2>\n

September for Render is incredibly <\/a>bullish in terms of developments, one of the most notable is their support<\/a> for Redshift, Mavon\u2019s in-house 3D renderer. The tool itself has features that would heavily leverage Render\u2019s decentralized compute niche that artists use in their workflow. With the coin already supporting the platform\u2019s C4D file support of Mavon\u2019s Cinema 4D, users of Redshift should not expect a hitch in using the integration.<\/p>\n

https:\/\/t.co\/cSZk9wpIaK<\/a><\/p>\n

\u2014 The Render Network (@rendernetwork) October 1, 2024<\/a><\/p>\n

Annabele Siconolfi, a 3D artist that tried Redshift integration on the platform, estimates the time saved in a recent<\/a> render job by over 70-80 hours.\u00a0<\/p>\n

The Render Network\u2019s X account has also grown<\/a> by 100%; from 100k to 200k. Render\u2019s X account is one of the ways the platform can engage with the community, further enhancing its connection with the users of Render. <\/p>\n

https:\/\/t.co\/SLedMsVO7X<\/a><\/p>\n

\u2014 The Render Network (@rendernetwork) September 30, 2024<\/a><\/p>\n

Community engagement is important for decentralized networks as it helps with including the community in the decision making process. With this huge jump in community following, trust and belief on Render\u2019s worth might have improved over the past month.\u00a0<\/p>\n

RENDER Breaks $5.3 \u2013 Can It Continue Its Trajectory?<\/strong><\/h2>\n

At its current pace, RENDER bulls have broken through the $5.3 resistance\u2013 flipping it to support\u2013 after a brief breakthrough by the bears in the short term. As RENDER tries to settle above its current support level, the token might have enough momentum to continue its current trajectory.\u00a0<\/p>\n\n

However, the relative strength index (RSI) of the token is entering a possible bearish reversal zone that might support bearish movement in the medium term. If this occurs, RENDER\u2019s position will be compromised with a possible return to $4.9 in the short term.\u00a0<\/p>\n

If the bulls continue to wrestle for control of RENDER\u2019s momentum, the token will stabilize on $5.3 in the short to medium term before the bulls can move upward, possibly targeting $6.3 in the long-term.\u00a0<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Render (RENDER) underperforms in the face of the market\u2019s current pullback, resulting to the token experiencing a strong pullback in the past couple of days. According to CoinGecko, RENDER fell by nearly 13% since last week, putting into perspective the bearishness that overcame the market\u2019s bulls in the start of October. Although the market fell […]<\/p>\n","protected":false},"author":0,"featured_media":11644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11643"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11643"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/11644"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}