A crypto strategist, who is well-known for his accurate altcoin predictions, predicts that two coins in the artificial intelligence (AI) subsector will experience further declines in price.

Altcoin Sherpa, a pseudonymous analyst with a large following on social media, believes that Render (RNDR), a project related to Graphics Processing Units (GPUs), could drop to the 0.618 Fibonacci level before seeing a bullish reversal. He advises his followers to buy RNDR from its current price down to $6, expressing confidence in its potential.

Using Fibonacci retracement levels, which help identify support and resistance areas, Altcoin Sherpa also predicts a decline for Bittensor (TAO), a decentralized blockchain platform focusing on machine learning and AI. He expects TAO to reach the 0.50 Fibonacci level, around $400, and the 200-day exponential moving average.

Lastly, Altcoin Sherpa mentions Prom (PROM), an interoperability protocol. He warns that PROM could experience a significant sell-off if it fails to hold its range support at approximately $9.45. However, he remains optimistic and plans to hold onto his investment in PROM.

As of now, RNDR is valued at $9.06, TAO at $479.76, and PROM at $11.07.

Please note that The Daily Hodl does not provide investment advice, and investors should conduct their own research before making any investment decisions.