Render price, like Fetch.ai, could double its gains amid capital inflow from oncoming AI conference

Render price, similar to Fetch.ai, is expected to see a potential doubling of its gains due to an influx of capital from an upcoming AI conference. Render price recently reached a new all-time high of $9.3270, following the footsteps of its sector peer Fetch.ai. Notably, when Fetch.ai broke its previous all-time high last week, it took just over seven days for it to double in value. RNDR, the token for Render Network, could potentially extend its gains by 50% and reach the psychological level of $14.0000, driven by the anticipation of the NVIDIA conference. However, if Render price falls below the support level of $6.8750, it would invalidate the bullish thesis. AI crypto coins, including RNDR and FET, are experiencing a rally ahead of the NVIDIA 2024 GTC AI conference, which is expected to be a significant event featuring numerous sessions and exhibits. As altcoins continue to break all-time highs, Bitcoin’s price is consolidating below its own, indicating ongoing capital rotation. Looking ahead, if Render price maintains its current momentum, it could clear the roadblock at $9.7690 and potentially reach the psychological level of $10.0000. In an extremely bullish scenario, RNDR price could even climb as high as $14.0000, constituting a nearly 50% increase from its current levels. However, profit booking could result in a decline, with Render price dropping below the support level of $7.9970 and potentially descending towards $6.8750. A break and close below this level would negate the bullish outlook for Render price.