I had mentioned in the technical analysis of Render Network (RNDR) last week that buying RNDR below 9 USDT was a significant opportunity. Despite dipping slightly below the support level I identified, it received a nice upward reaction from there. With the upward movement, RNDR surpassed the 10 USDT mark. You can see the article I shared last week in the screenshot below.
What is the New Target for Render Network RNDR
You can see the updated chart and my targets in the new graph below. After a downward retracement from these levels, I anticipate a further strengthening towards the 11.83 USDT mark. This ascent may coincide with Nvidia's earnings announcement date. An Nvidia earnings report surpassing expectations could lead to a significant rally in artificial intelligence cryptocurrency projects.
