Nvidia is not only the world's largest company but also plays a crucial role in artificial intelligence development. Due to its prominent position in this industry, AI-related cryptocurrency tokens have previously reacted irregularly following Nvidia's quarterly earnings reports.
Nvidia is scheduled to release its fiscal year 2026 Q1 earnings report on Wednesday, May 28th. The fiscal year 2026 Q1 covers the period from January 29, 2025, to April 27, 2025.
Investors and the market are expecting positive results, with revenue anticipated to reach $43 billion (±2%). This represents a 66% year-on-year increase compared to Q1 2025.
Therefore, BeInCrypto has analyzed three cryptocurrency tokens to watch ahead of the Nvidia report.
Render (RNDR)
RNDR has recently lost momentum but has historically responded well to earnings reports. Currently trading at $4.85, it has risen 8.8% this month. Positive earnings could act as a catalyst, increasing investor interest and driving up the price.
The MACD indicator suggests RNDR is approaching a bullish crossover, indicating further potential for growth. If the earnings report supports this momentum, the AI cryptocurrency token could rise to $5.44. Breaking this resistance could open the way to $6.36, signifying a significant upward movement.
However, if RNDR is overshadowed by other rising tokens, selling pressure could intensify. Failing to maintain support at $4.50 could cause the price to drop below $4.14, which would invalidate the current bullish outlook.
Artificial Superintelligence Alliance (FET)
FET has risen 22% this month and is currently trading at $0.906. This strong growth suggests the price could exceed $1.000 with a positive reaction in the next 24 hours, which would renew investor confidence and momentum in the altcoin.
The Relative Strength Index (RSI) indicates that FET is not yet overbought, leaving room for further growth. However, if FET successfully breaks the $1.048 resistance, it could cross the overbought threshold, potentially accelerating the rally.
If FET fails to break the $0.908 resistance multiple times this month, the price could drop back to $0.775. Such a decline would invalidate the bullish outlook and indicate weakened investor support.
Bittensor (TAO)
TAO is one of the best-performing AI tokens this month, rising 25%. This altcoin has recently experienced a golden cross, with the 50-day moving average crossing above the 200-day moving average, demonstrating strong upward momentum and setting the stage for further growth.
TAO's immediate goal is to break the $471 resistance level. Overcoming this key psychological barrier could trigger a rally to $501, attracting new investors and boosting market confidence in the altcoin's potential.
However, initial profit-taking could pressure TAO's price, potentially pulling it back to the $410 support level. Failure to break $471 could invalidate the bullish outlook and lead to further correction or decline.
