3 AI Coins to Watch Ahead of NVIDIA Q2 Earnings

FET Daily Analysis. Source: TradingView

If the upward momentum on FET’s daily chart persists, its price is likely to rise further. Based on the Fibonacci retracement levels, FET could surpass $1.70 and might even reach $1.93 ahead of the earnings report.

However, this prediction could be invalidated if the altcoin becomes overbought. In that case, FET’s price might retrace to $1.13, although this scenario seems unlikely given the current bullish sentiment surrounding AI coins.

NEAR Protocol (NEAR)

NEAR is another AI-focused coin that could benefit from NVIDIA’s upcoming earnings. Currently trading at $4.92, NEAR has seen nearly a 20% increase in the past seven days.

Technically, NEAR attempted to break past $5.03 on Monday but faced resistance and pulled back to $4.91. However, signals from the Balance of Power (BoP) indicator suggest this resistance could be overcome soon.

The BoP measures the strength of buyers relative to sellers. When the indicator rises, it indicates buyers are in control; a decline shows sellers have the upper hand. As of now, the BoP has jumped sharply, signaling that NEAR bulls have gained momentum over bears and are likely to push the price higher.

NEAR Daily Analysis. Source: TradingView

If NEAR’s bullish momentum is sustained, the price could climb to $5.70 and potentially retest $6. However, if buying strength weakens, the value might dip to $4.24.

Render (RNDR)

RNDR is the native token of the decentralized GPU computing network Render, making it closely tied to developments at NVIDIA. Despite this connection and its initial price increase on Monday, RNDR is the only AI coin among the three that has posted losses in the last 24 hours. Currently trading at $6.17, RNDR’s price has dropped by 5.96% in the last hour.

However, the token is still up by 32% over the last 24 hours, suggesting that some holders are taking profits. Despite the recent dip, RNDR trades above the descending triangle, indicating that the uptrend remains intact.

Based on the chart, RNDR has strong support at $4.45, making a further decline less likely. If the bullish momentum persists, RNDR’s price could move closer to $7.17 in the short term.