One of the most respected crypto-strategists predicts an explosive rally for Ethereum in late 2018.ETH) competitor.
Altcoin Sherpa, a pseudonymous analyst tells Solana’s 215,500 social media followers (X) on X.SOL() is expected to increase in value by 267 percent.
“SOL: averaging into SOL is never a bad idea in my opinion. I think this goes to $500+ later this year. Anywhere from $130-$110 would be a gift (not quite expecting that yet).”
The Fibonacci levels that the trader is closely watching for possible retests are $138.
Solana currently trades at $136, which is a 5.54% drop in 24 hours.
Next, we have the trader predicts Two artificial intelligence-related projects Fetch.ai and Smart.ai are underway.FETRender () is a rendering tool that renders (RNDRIn the near-term, prices may retrace back to Fibonacci lows before making a large rally.
“Probably going to be some good AI coin deals here in the coming weeks/months if BTC continues to have the current price action of bleeding/chopping. Stuff like FET, RNDR are going to be great buys in my opinion. Start averaging in at the .50 fib and go down to .618 in my opinion.”
The trader says that based on his chart FET could drop as low as $0.45.
The trader, looking at the chart, believes that RNDR could dip around the 200 day exponential moving average (EMA), at approximately $6.
FET trades for $2.11 as of the time this post was published, down by more than 7% over the last 24 hour. RNDR, on the other hand, is currently trading at $7.95, also down by more than 7%.
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Source: dailyhodl.com
