Nvidia, along with being the largest company in the world, also plays a crucial role in the advancement of Artificial Intelligence. Given its prominence in this industry, crypto tokens associated with AI in the past have reacted erratically following Nvidia’s quarterly earnings report.
Nvidia prepares for its Q1 earnings report for fiscal year 2026, scheduled on Wednesday, May 28. The first quarter (Q1) of fiscal year 2026 covers the period from January 29, 2025, to April 27, 2025
Investors and the market are expecting positive results, with revenue forecasted to reach $43 billion (±2%). This would mark a 66% YoY rise from Q1 2025.
Thus, BeInCrypto has analyzed three crypto tokens to watch ahead of the Nvidia report.
Render (RNDR)
RNDR has lost some momentum recently, but has historically reacted well to earnings reports. Currently trading at $4.85, the altcoin has gained 8.8% this month. Positive earnings could act as a catalyst, potentially boosting investor interest and driving the price higher.
The MACD indicator suggests RNDR is nearing a bullish crossover, signaling the potential for further gains. If the earnings report supports this momentum, the AI crypto token could rise toward $5.44. Breaking this resistance would open the way to $6.36, marking a significant upward move.
RNDR Price Analysis. Source: TradingView
However, if RNDR is overshadowed by other rising tokens, selling pressure could intensify. Failure to hold support at $4.50 might push the price down to $4.14 or lower, which would invalidate the current bullish outlook.
Artificial Superintelligence Alliance (FET)
FET has risen 22% this month, currently trading at $0.906. This strong growth suggests a positive reaction in the next 24 hours could push the price above the $1.000 mark, signaling renewed investor confidence and momentum for the altcoin.
The Relative Strength Index (RSI) indicates FET is not yet overbought, leaving room for further gains. However, crossing the overbought threshold may occur if FET successfully breaches the $1.048 resistance, potentially accelerating the rally.
FET Price Analysis. Source: TradingView
If FET fails to break through the $0.908 resistance, as it has several times this month, the price could drop back to $0.775. Such a decline would invalidate the bullish outlook and signal weakening investor support.
Bittensor (TAO)
TAO is among the best-performing AI tokens this month, rising 25%. The altcoin recently experienced a Golden Cross, with the 50-day EMA crossing above the 200-day EMA, signaling strong bullish momentum and setting the stage for further gains.
TAO’s immediate target is to breach the $471 resistance level. Surpassing this key psychological barrier could trigger a rally toward $501, attracting new investors and boosting market confidence in the altcoin’s potential.
TAO Price Analysis. Source: TradingView
However, early profit-taking could pressure TAO’s price, pushing it back toward the $410 support level. Falling short of breaking $471 would invalidate the bullish outlook and may lead to further consolidation or decline.
