3 altcoins to watch before Nvidia's earnings report

Nvidia, besides being the largest company in the world, also plays a key role in the development of artificial intelligence (AI). Due to its prominent position in this industry, AI-related altcoins have reacted erratically after Nvidia's previous quarterly earnings reports.

Nvidia is preparing to announce its Q1 earnings report for the fiscal year 2026, expected on May 28. The first quarter of the fiscal year 2026 covers the period from January 29, 2025, to April 27, 2025.

Investors and the market are anticipating positive results, with projected revenue reaching $43 billion (±2%). This figure will mark a 66% growth compared to the same period in the fiscal year 2025.

Therefore, the article will analyze 3 notable tokens ahead of Nvidia's report.

Render (RNDR)

Render (RNDR) has lost some momentum recently, but historically it tends to respond positively to earnings reports. Currently trading at $4.43, this altcoin has increased by 3% over the past month. A positive earnings report could serve as a catalyst, attracting more interest from investors and pushing the price higher.

The MACD indicator shows that RNDR is approaching a bullish crossover, signaling the potential for continued growth. If the earnings report further supports the momentum, this AI token could rise to $5.44. Breaking through this resistance level would open the opportunity to move towards $6.36, marking a significant increase.

Price Analysis of RNDR | Source: TradingViewHowever, if RNDR is overshadowed by other tokens that are increasing in price, selling pressure may increase. Failing to maintain support at $4.5 could push the price down to $4.14 or lower, invalidating the current bullish outlook.

Artificial Superintelligence Alliance (FET)

The Artificial Superintelligence Alliance (FET) has gained 22% this month, currently trading at $0.88. The strong rally suggests that if there is a positive reaction in the next 24 hours, the price may surpass the $1,000 mark, reflecting that investor confidence is restored and creating new momentum for this altcoin.

The Relative Strength Index (RSI) indicates that FET has not yet fallen into the overbought zone, leaving room for further increases. However, if it surpasses the resistance level of 1.048 dollars, FET could enter the overbought zone, driving a stronger bullish momentum.

FET Price Analysis | Source: TradingViewIf FET fails to break through the $0.908 resistance — which happened several times in May, the price could return to $0.775. Such a downward move would nullify bullish prospects and indicate weakening investor support.

Bittensor (TAO)

Bittensor (TAO) is one of the best-performing AI tokens this month, with a 27% increase. This altcoin has just established a golden cross, as the 50-day EMA crosses above the 200-day EMA — a signal indicating strong upward momentum and the potential for continued recovery.

The immediate goal of TAO is to break through the resistance of 471 dollars. Breaking this important psychological level could trigger a price increase up to 501 dollars, attracting more new investors and strengthening market confidence in the potential of this altcoin.

TAO Price Analysis | Source: TradingViewHowever, early profit-taking could put pressure on the TAO price, dragging the price back towards the $410 support level. If it is not possible to break through the $471 level, the bullish outlook will be nullified and may lead to the next phase of consolidation or decline.

Minh Anh