A 7% Render price drop has put the altcoin in the crosshairs after the Trump administration banned Nvidia from selling its AI chips to China. Risk-on sentiment made a return with Trump’s 90-day tariff pause, and Render has been among those reaping fresh retail liquidity with a sharp 50% surge to $4 in the late week. But this direct hit on the AI sector has triggered a wave of FUD, sending AI-based cryptos back into retreat. Nvidia Banned From AI Chip Exports: Are AI Cryptos Safe? In a regulatory filing on April 15 , Nvidia said the U.S. government had informed the company on April 9 that new export licenses are required for its high-bandwidth AI chips. The H20 chips implicated in the ban are powerful GPUs optimized for AI inference, key to advancing machine learning capabilities. As the company most closely connected to the AI boom, the restriction on Nvidia has sent ripples across the AI sector—hitting crypto particularly hard. https://x.com/KobeissiLetter/status/1912260155351191619 When stocks bleed, crypto typically bleeds more. With their inherently volatile nature, AI-based tokens are under pressure—dragging the sector’s total market cap down 4.36% on the daily. With the ban expected to remain in place “for the indefinite future,” this could form a long-term headwind for AI-based tokens and general AI innovation. Render Price Analysis: More Downside Ahead? The Nvidia ban has stifled a potential breakout from the descending channel that has guided the Render price decline since early December. RENDER / USDT 1-day chart, descending channel pattern. Source: Binance. Despite the disturbance, momentum indicators remain favorable. The Relative Strength Index (RSI) holds above the neutral line at 53, suggesting buying pressure still outweighs selling in the short term. More so, the MACD remains far from a bearish crossover, yet to see a reversal in its uptrend—the dip may have been a simple sell-the-news event rather than a significant shift in sentiment. A breakout attempt could still be on the table, targeting potential Render price highs around $7.20—a 90% move from current levels. However, if selling pressure intensifies or China responds with significant retaliation, Render could drop back toward lower support at $2.50, marking a 33% downside risk. Those Who Missed the 50% Render Rally Should Look Into This New ICO Those who hopped on the 50% Render price rally late now find themselves exposed to potential unrealized losses—well-timed plays are essential with the market under heavy FUD. That’s where MIND of Pepe ($MIND) steps in, giving traders a chance to get in early and stay ahead of high-gaining opportunities. The MIND of Pepe AI will actively engage with the crypto community through X —driving conversations, uncovering alpha opportunities, and delivering exclusive, token-gated insights. Inside its Telegram community , holders get early access to high-potential tokens before they hit the market, keeping them ahead of the curve. At the time of writing, MIND has raised over $8 million in its ongoing presale , capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents. You can keep up with MIND of Pepe on the mentioned socials, or join the presale on the MIND of Pepe website . The post Render Price Falls 7% as Trump’s Nvidia Ban Sends Shockwaves Through AI Crypto Sector appeared first on Cryptonews .
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