A closely watched crypto analyst says a clear bull pattern is forming for one artificial intelligence (AI)-focused altcoin, while updating his view on three other tokens.
Pseudonymous crypto trader Altcoin Sherpa tells his 223,300 followers on the social media platform
The trader shares a chart indicating that TAO has exceeded the multi-month accumulation range.
“TAO has never fallen to the lowest level. Expansion and clear bull trend now IMO (in my opinion), dips are to buy.”
TAO is trading at $488.88 at the time of writing, up 5.20% over the last day.
We continue with the Artificial Superintelligence Alliance’s (FET) native asset, the Trader say he waits until the coin witnesses a small pullback before going long.
“FET – I think $1.50 could be a great first entry, but quite aggressive. If you are patient, you can hope for a level of $1.37. Personally, I’d probably do some entries for $1.50.
FET is trading at $1.62 at the time of writing.
Altcoin Sherpa is also looking at the layer-1 modular blockchain Celestia (TIA), noticing that the asset underwent its first major retracement near its 100-day exponential moving average (EMA).
“Would target $5.11 for the first entries if you like this one.”
TIA is trading at $5.42 at the time of writing, down 7.34% over the past 24 hours.
He concludes his analysis with the memecoin Popcat (POPCAT), the trader say the token could be just one small correction away from a breakout.
“POPCAT breaks shortly after a minor setback. Bullish about all the beta that comes with it (aura/hehe/etc.).”
POPCAT is trading at $0.923 at the time of writing, up 4.42% on the day.
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Generated image: Midjourney
Credit : dailyhodl.com
