Crypto strategists who are closely watched believe that a cryptocurrency focused on artificial intelligence will see a rally in the near future.
Altcoin Sherpa is a pseudonymous Altcoin analyst tells Artificial Superintelligence Alliance is accumulating 222.700 of his followers via the social media platform X.FET).
The trader shared a chart that suggested FET might reach $1.10 as a base before bursting out at $1.70.
“FET: underwater on these first entries; going to cut it if it loses the 200 exponential moving average on the four hour. Have more entries lower and will wait. Still think the chart looks decent on lower time frames but I also recognize we’re in a bullish trend on the one day. Lose $1.10 and I’m out.”
FET was trading at $1.12 as of the time this article is written, down more than 9% for the day.
The memecoin DogwifhatWIFThe analyst believes that Solana is (SOLFor now, )-based Altcoins will trade at a range of prices.
“WIF seems decent as a support region but I don’t think this one hits ATH (all-time high) anytime soon. Guessing we still see more chop and consolidation around this area. Best to be patient.”
On the basis of his chart, the trader seems to be predicting that WIF’s value will fluctuate between $1.40 and $2.20. As of the time this article was written, WIF’s value is $1.48.
The trader also keeps a keen eye on Injective protocol (layer-1)INJ). INJ, according to an analyst, looks bearish as it has printed multiple Lower Highs (LHs).
“INJ” I still think the overall chart is bearish and don’t expect that to change anytime soon. Lower highs all around. Should bounce *somewhere* but I don’t know where the real bottom is.
Personal, I do not think that it reaches the previous ATH but I might be wrong.
INJ was worth $15.19 at the time this article was written, a drop of over 12% in one day.
Altcoin Sherpa is also bearish on Ethereum.ETHNear rival (NEAR).
“NEAR I still like this project overall but it’s still in a bearish market structure. It needs to break a high + print a higher low before we can consider any sort of reversal.”
NEAR, at time of this writing, is valued at $3.67. This represents a loss of over 11% in value on the same day.
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