New Breakthroughs Propel Render Price Up 11% – Here’s What’s Happening
Render continues its bullish rally with a cool 11% increase as noted by CoinGecko.
Although the market has dipped slightly, the majority of it is still flashing green with the major cryptocurrencies reaching their respective targets.
However, recent developments in the Render network made this upward trajectory possible.
Enthusiasts of the network continue to see growth after the platform released its Cinema 4D Wizard tool which sees huge potential in the media industry.
This new tool helps artists achieve top-tier outputs while slashing work hours and streamlining workflows.
New Wizard Tool Shortens Artist Workflow
Render released the Cinema 4D Wizard last week, August 20, helping 3D artists to cut work time and streamline their workflows.
This plug-in works on the Cinema 4D application,
one of the most used 3D rendering software.
According to Render’s knowledge base, the tool has several features upon launch the most notable of which is the scene checker that analyzes several factors that may affect the final output.
This assists artists in cleaning up their renders, making sure that each piece is in tip-top shape.
RENDER Exhausted After A Week Of Upward Momentum
As of writing, the token has been rejected by the $6.3 resistance level as a red candle forms on today’s trading activity.
This represents a slight dip in the coming days, purely because of RENDER bulls losing momentum in the short term.
The token’s high relative strength index indicates a strong struggle between the bulls and bears, and the latter is currently winning in the short term. RENDER’s correction period may have started, but it won’t last that long.
Investors and traders are still anticipating Nvidia’s earnings call that can turn the correction into another week of bullishness.
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