Is It Too Late To Buy RNDR? Render Price Pumps 12% After Apple Mentions Octane And This Might Be The Next Crypto To Explode

The Render price has soared 12% in the last 24 hours and 49% in the past week to trade at $11.46 as of 7:25 a.m. EST on a 12.5% surge in trading volume to $568 million.

The spike in the RNDR price came after Apple vice president of platform architecture Tim Millet mentioned Octane, the 3D rendering software powered by the RNDR network, in a presentation about the new iPad Pro and its M4 chip.

”Pro rendering apps like Octane will flat-out fly,” he said.

🚨BREAKING: Apple just presented Octane X, the rendering software powered by $RNDR, as the pro rendering app on the new iPad!

You can literally see the $RNDR logo in the video!

Don't ever mention "The Next $RENDER" again. pic.twitter.com/Kxg6llA3jH

— D0c Crypto ⭕️ (@TheRealD0c) May 7, 2024

Render Price Bulls Initiate A Bull Rally Above The Bullish Pennant

Render has bounced back strongly from the lower trendline of the bullish pennant. The bullish pennant formation indicates a possible ongoing upward trend. This pattern implies that the bullish momentum could persist, potentially pushing prices beyond the previous high of $13.96.

RNDRUSDT Analysis. Source: Tradingview.com

Render price is also treading above the 50-day and 200-day simple moving averages (SMAs). Moreover, the 200-day SMA provides firm support, maintaining the overall bullish sentiment in the market. The price surpassing both the 50-day SMA and the upper trendline of the pennant confirms the anticipated uptrend.

Moreover, the Relative Strength Index (RSI) has bounced back from the 36 level past the 50 midline at 50 to 68 near the overbought region, indicating strong buying pressure. If this momentum continues, the RSI might enter the overbought zone.

The Moving Average Convergence Divergence (MACD) indicates positive signals, with green bars and a recent crossover above the signal line, boosting confidence in Render’s bullish outlook.

Render Price Bulls May Propel The Momentum To $16.22 High

Looks like the Bulls are gearing up for a rally above the bullish pennant, which could push prices up to a new high of $16.22 in the upcoming weeks.

However, if bears gain control, they could apply downward pressure, causing the price to decline to $9.82 within the pennant. Further downward pressure could result in a retracement toward $7.53 near the pennant’s lower trendline.

Mega Dice Presale Hurtles Towards $1 Million Goal

As traders ride Render’s bullish momentum, some investors are wondering if Mega Dice (DICE) might be the next crypto to explode.

Mega Dice is an established heavy weight in the crypto casino after launching last year. The platform enables betting with digital currencies, offering privacy, fast transactions, and low fees. Now, it’s taking things up a notch by introducing the DICE token.

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Mega Dice boasts about 50,000 registered users, 10,000 of whom actively bet around $50 million monthly. That’s a solid foundation for creating demand for its DICE token.

Token holders are also in for some great perks, with a massive $2.25 million airdrop spread out over three seasons, cool NFT rewards, daily bonuses that depend on the casino’s performance, and some extra investment bonuses for those early birds in the presale.

$DICE Token Launch! 🏆

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Crypto analyst and Youtuber Crypto Boy says that DICE can potentially surge 100X after it launches.

DICE is priced at $0.069 and has already raised over $884k in its presale. 

Buy DICE on the official website here using SOL, ETH, or BNB.

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