RENDER Network experienced a remarkable performance recently after finalizing its token rebrand, leading to a 33% price increase in the last week. The bullish momentum helped the token break above the $5 range and retest the $6 resistance level multiple times.
The surge aligns with increases across the AI token sector, driven by market anticipation of NVIDIA’s Q2 earnings report. Trader and investor Crypto Rand suggests NVIDIA’s results could serve as a catalyst for more gains.
Despite a mild 2.8% retrace to $5.95 over the past 24 hours, analysts remain optimistic. Kyren from the NoBSCrypto podcast believes the token could achieve a $10 target if the NVIDIA report is favorable.
