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.
![](https://public.bnbstatic.com/image/pgc/202405/ad9f546610051b26e4031a27a3b12bd0.png)
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.
![](https://public.bnbstatic.com/image/pgc/202405/b247eadb738eefff149951aaf79cad08.png)