Artificial Superintelligence Alliance

Bitcoin

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-tests-bottom-as-altcoins-respond-to-nvidia" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Tests Bottom as Altcoins Respond to NVIDIA</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-recovers-with-trading-algorithms" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price is experiencing turbulence, recently dropping to $61,470 after failing to overcome resistance. This decline is in line with the trend observed over the past months, where prices retreat quickly after attempting to breach resistance levels. Many <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>, skeptical of a quick rise, have been capitalizing on these peaks by short-selling. The imminent release of NVIDIA’s earnings report is anticipated to cause significant price fluctuations among various altcoins.</p>
<h2 id="can-fet-coin-benefit-from-nvidia">Can FET Coin Benefit from NVIDIA?</h2>
<p style="text-align: justify">The Artificial Superintelligence Alliance (FET) emerged from the integration of three major <a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">AI</a> tokens, causing considerable market buzz. The sensitivity of these altcoins, including the united token, to NVIDIA’s earnings is evident. In the past, FET Coin dropped to $1.9 before rebounding to $2.5 post-announcement. While the daily chart suggests potential for further gains, another sharp drop in BTC might negate the positive impact of a favorable earnings report.</p>
<h2 id="will-near-coin-sustain-its-growth">Will NEAR Coin Sustain Its Growth?</h2>
<p style="text-align: justify">NEAR Protocol, recently added to the AI trust by Grayscale, is among the altcoins that might benefit from NVIDIA’s report. The coin saw double-digit growth over the past week due to speculation around the earnings. Despite an attempt to climb above $5.03, NEAR Coin settled at $4.91. Continued upward momentum fueled by a positive report could drive it towards $5.7. Conversely, a bearish scenario might see it drop to $4.24.</p>
<h2 id="potential-market-movements">Potential Market Movements</h2>
<p style="text-align: justify">– FET Coin could reach $1.93 if it closes above $1.7, but might fall to $1.13 in a bearish trend.</p>
<p style="text-align: justify">– NEAR Coin could accelerate towards $5.7 with strong upward momentum, or decline to $4.24 if sentiment turns negative.</p>
<p style="text-align: justify">– RNDR Coin, with strong support at $4.45, could climb to $7.17 if current momentum persists. However, pre-report pricing suggests a potential sell-off post-announcement.</p>
<p style="text-align: justify">Since November 2022, RNDR Coin has capitalized on AI sector excitement. Currently priced at $6.17, it saw a 32% increase in the last 24 hours, leading to profit-taking. This aligns with previous discussions about NVIDIA news being priced in advance. With solid support at $4.45, RNDR Coin could reach $7.17 if the momentum continues. Analysts remain optimistic about NVIDIA’s report, but there is a possibility of a sell-the-news scenario.</p>
<p style="text-align: justify">Overall, the impending NVIDIA earnings report is likely to be a significant determinant of short-term movements in several altcoin markets.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-tests-bottom-as-altcoins-respond-to-nvidia" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Tests Bottom as Altcoins Respond to NVIDIA</a></h5>

Bitcoin Price Tests Bottom as Altcoins Respond to NVIDIA

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