Render Crypto Gains +17% in Past Week: Will Apple Partnership Fuel Skyrocket Gains?
Render crypto
Price
Trading volume in 24h
Last 7d price movement
has pushed up +17% over the past week, and analysts predict the recent Apple crypto partnership could bolster Render’s price.
Fundamentally, Render is in a great spot, having secured a use case with a recent Apple crypto partnership. The tech giant used Octane X as an example during of their presentation in May, 2024 for the upcoming M4 chip.
#OctaneX was featured in today’s @Apple keynote!
Apple users can augment the massive increase in rendering power on the M4 with access to near unlimited high performance decentralized GPU compute power on @rendernetwork using Octane X. pic.twitter.com/WwfC8mIBB1
— The Render Network (@rendernetwork) May 7, 2024
Crypto token monetization is focused on rewards and usage. DePIN and AI are new narratives in crypto, and the projects operate in both. All of this makes Render crypto desirable to trade, as it’s drawing in liquidity—it currently sits at ~$4.6 bn market cap.
EXPLORE: Best Crypto Exchanges For Retail Traders To Use in 2024
RENDER Price Analysis: How High Will Render Crypto Climb in 2024?
The Render Network has been a game-changer for my work as a 3D artist. It's incredible how much it's elevated my creative process and efficiency. Big thanks to the team for making such a powerful tool available! @rendernetwork https://t.co/aXbBkHUwd5
— Annibale Siconolfi (@annibale_sic) November 28, 2024
Revisit the previous article, where we looked at the RENDER chart through rectangle trading here. Below, we will look at different periods on the RENDER chart and extract the most, literally (you will see), from its price movements. Brace yourself!
Starting with August onwards, we have a clear rangebound accumulation. Our focus here is MA100 (green), and I have circled a few key areas. Some of those provided good long entries, others short entries. But overall, we are seeing price ranges.
Months of ranging action pass, and then come the two circles at the beginning of November – a break and retest of MA100, followed by a break above the previous highs. The last circle was a perfect opportunity for those wondering when to enter a trade. This is a good example of using MAs to identify entry levels.
I would like to briefly focus on the Fib Retracements analysis without trying to overwhelm you with information.
The top left chart shows when the price broke above MA100 and then retested in confluence with the Fib 0.382 level—$4.80. The top right chart shows the moment the next move up begins at $4.80, and this goes all the way to where the price begins to stall at $7.55. Soon after, we see the price bouncing off the 0.382 level again, $6.50, turning it into support.
Shifting to the bottom left chart, starting at $6.40, the next move is relatively short and meets resistance (red lines on the bottom right photo, i.e., sweeps) at $8.30. Then, our retest is at the 0.618 Fib level ($7.11).
If we draw the full retrace from $4.80 to $8.30, the 0.382 Fib level is at $6.97, which gets tapped briefly – second to last circle – and is a wild long entry.
Overall this will keep repeating during the crypto bull run on lots of tokens, so keep an eye out for it in weeks to come,and happy trading!
New Viral Meme Coin Catslap Is Burning Tokens And Nearly At 10,000 Holders
Catslap (SLAP) launched just over a week ago and was an instant hit. In the first two days, its market cap soared from less than $1 million to over $50 million.
This did not deter the team behind the slapping cat, and on Wednesday, they burned 10 million SLAP tokens via a funny Slap-2-Earn game. The token burn has led to the SLAP price recovering slowly but surely. It is up 22.25% in the past day.
While whales capitulated, the holder count has increased, with over 9,000 SLAP holders, up from 7,000 just a few days ago. An extremely bullish and cultish community is forming for Cat Slap, and many are calling for a new all-time high once the $20 million market cap resistance is broken through and flipped to support.
This could well happen today, as SLAP is currently hovering around $15.67 million market cap, with over $790,000 in trading volume over the past 24 hours.
One major catalyst driving SLAP back toward $100 million is its upcoming ‘major announcement’. The announcement in question is coming in less than 5 days. Given the burn event that has just taken place and the new Slap-to-Earn features hinted at in the X post earlier this week, just how bullish will this announcement be for the price?
Visit Catslap Token website or Best Wallet to buy $SLAP
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