AIFocused Altcoin Gains Strong Momentum Analyst Revises Forecast for FET and Two Other Coins
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AIFocused Altcoin Gains Strong Momentum Analyst Revises Forecast for FET and Two Other Coins

Altcoin Sherpa, a well-known crypto analyst, believes that a prominent bull pattern is emerging for an altcoin that focuses on artificial intelligence (AI). In addition, he provides updates on three other tokens. Altcoin Sherpa informs his large following on X, a social media platform, that machine learning protocol Bittensor (TAO) is currently experiencing a “clear bull trend.” He shares a chart indicating that TAO has surpassed its accumulation range that lasted for several months. Altcoin Sherpa suggests that TAO did not drop to the lowest point of the range and predicts an expansion and a clear bull trend. He advises his followers to take advantage of any dips in the price to buy more TAO tokens.

At the time of writing, TAO is trading at $488.88, reflecting a 5.20% increase in the last day.

Altcoin Sherpa then shifts his focus to the native asset of the Artificial Superintelligence Alliance (FET). He mentions that he is waiting for the coin to experience a minor pullback before considering a long position. He suggests that an entry point of $1.50 could be reasonable but aggressive. However, he advises more patient investors to wait for levels around $1.37. Altcoin Sherpa also mentions that he would personally make some entries at $1.50.

Currently, FET is trading at $1.62.

Moving on, Altcoin Sherpa analyzes the layer-1 modular blockchain Celestia (TIA). He notes that the asset recently experienced its first significant retracement near its 100-day exponential moving average (EMA). He suggests targeting around $5.11 for initial entries for those interested in this token.

As of now, TIA is trading at $5.42, representing a 7.34% decrease in the last 24 hours.

Lastly, Altcoin Sherpa provides insights on the memecoin Popcat (POPCAT). He believes that the token may be on the verge of a breakout after a slight pullback. He expresses confidence in the token’s potential and the additional benefits it offers.

POPCAT is currently trading at $0.923, with a 4.42% increase in the day.

To stay updated, Altcoin Sherpa encourages his followers to subscribe to his email alerts and follow him on various social media platforms.

Disclaimer: The Daily Hodl provides opinions, but they should not be considered as investment advice. It is essential for investors to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Transfers and trades are made at one’s own risk, and any losses incurred are the individual’s responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it serve as an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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