RENDER price jumped 8.77% to $1.97 on May 24, crossing $1.02 billion in market cap. Four days earlier, NVIDIA posted $81.6 billion in quarterly revenue, 85% year-over-year growth. Render Network coin offers direct exposure to that trade, and technical analysts are eyeing further upside, potentially toward $3 and $7.70.
NVIDIA Earnings and AI Sector Rotation Drive GPU Token Inflows
NVIDIA’s strong results didn’t end with revenue. According to a recent BanklessTimes report, the company approved $80 billion in extra share buybacks and raised its quarterly dividend from $0.01 to $0.25. Traders saw these moves as a sign of long-term confidence in AI infrastructure.
Money moved quickly into related tokens. NEAR Protocol gained 50% over seven days as investors looked for AI-linked opportunities. Render coin also benefited from this trend. Render, a decentralized platform run by the Render Network Foundation, connects people with unused GPU power to artists and developers working on 3D rendering, machine learning, and generative AI.
The recent price jump also followed news that the network has processed 74,007,561 frames, according to the Foundation. Each frame is a finished rendering job handled by node operators, covering 3D animation, visual effects, and AI image generation. This milestone shows real platform use as GPU demand becomes a key topic in crypto.
RENDER Price Breaks Key Pattern With $3.60 and $7.70 Targets in Focus
Technical analyst Javon Marks, known for bold price targets, first highlighted this setup on May 3. He called it a falling wedge breakout and said RENDER was just starting a major upward move, possibly gaining over 80% toward $3.60 and 300% to $7.70. This week, he repeated that the token “remains broken out” and both targets are still possible.
Another analyst, Don, uses the same wedge pattern and projects levels between $3.07 and $13.16. The Render price predictions from both analysts suggest that $3.60 is the first major resistance level for Render to overcome.
At the same time, 13 of 15 moving averages suggest a Buy, but the EMA(200) at $2.016 is just above the current price and signals a Sell. This is the main technical barrier between the current price and the $3.60 target.
CoinGlass liquidation data shows that short positions are building up near $2.00 as buyers push back, while long liquidation zones remain open below $1.50. At the time of writing, Render coin is at $1.97, just one strong session away from the EMA(200). A move above could clear the way, while a drop might send it back toward support at $1.50.
READ MORE: Top AI Coins Akash Network, FET, Venice Token Jumps Ahead of OpenAI IPO
