RENDER (RNDR) is eyeing a bullish breakout as traders bet on the “Made in USA” token.

RENDER is eyeing a bullish breakout as traders bet on the “Made in USA” token. The technical setup shows the token charting a channel on the hourly

RENDER is eyeing a bullish breakout as traders bet on the "Made in USA" token. The technical setup shows the token charting a channel on the hourly timeframe and consolidating within it. With support levels at $2.8, it is projected to hit $9.21.

The token is also showing signs of increased buying pressure, as the volume has been rising and the price is breaking out of key resistance levels. This could be a sign that the token is setting up for a sustained move higher.

However, Bitcoin's growing dominance could be key to sustain RENDER's momentum. The token has been closely tracking Bitcoin's price movements, and if Bitcoin can continue to rise, it could help to push RENDER even higher.

Here are some key things to watch for:

* Increasing volume is a sign of strong demand for the token.

* Trendline breakouts could signal the continuation of the current trend.

* The token is currently trading at a market cap of $1.73 billion, which is relatively low for a token with this much potential.

If RENDER can break out of the channel and close above the $5 level, it could be a sign that the token is entering a new bull market. The token's participation at the upcoming NVIDIA GTC 2024 conference is also a major highlight for the crypto project.

Render Network, a decentralized GPU network, is used by major institutions for rendering and content creation. The platform's presence at the summit signifies recognition from key players in the tech industry.

This participation showcases Render Network's potential for integration with mainstream institutions and its role in shaping the future of decentralized technologies.

Nvidia & RENDER: A Powerful Alliance in AI-Driven Graphics

For those new, OTOY, the company behind Render Network, announced the optimization of OctaneRender for NVIDIA’s RTX PRO 6000 Blackwell Server Edition GPUs. The 96GB VRAM offers efficient handling of complex neural models, seamlessly blending CGI precision with generative AI. This, in turn, unlocks new creative workflows for 3D artists and content creators.

Besides NVIDIA, xAI, Microsoft, BlackRock, and MGX are also pushing AI infrastructure forward, the demand for compute power and decentralized AI solutions is expected to rise exponntially. With the smart money is betting big on AI, token like RENDER are positioned for massive upside.

The AI arms race is heating up! With Nvidia, xAI, Microsoft, BlackRock, and MGX pushing AI infrastructure forward, the demand for compute power and decentralized AI solutions will skyrocket. As always, stay informed and adjust your strategy accordingly. Good luck with your trades!

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