Why AI token Render could rally helped by Nvidia stock split

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Render News

Cryptocurrencies,Technical Analysis

Render’s (RNDR) price could increase by around 20% propelled by the upcoming Nvidia (NVDA) stock split, according to technical and on-chain indicators.

Render price looks set to rally if it retests the support zone extending from $9.42 to $8.82. The Nvidia stock split on June 10 could positively impact

to recover in the medium term. Nvidia stock split news could uplift AI tokens Nvidia stock has set new highs after announcing $6.1 billion in earnings on May 22. On June 10, NVDA will have a 10:1 stock split. If it flips Apple's market capitalization, this could have an effect on crypto markets, with capital shifting from meme coins to AI-related tokens. This might be a significant market mover for AI-related altcoins, like Render , Fetch.ai or The Graph .

could extend the rally by another 17% to its weekly resistance level at $13.16. tokens, and on May 30, it was 10.03 million

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in Aİ

Ai Ai Latest News, Ai Ai Headlines