Cryptocurrency analyst Altcoin Sherpa recently shared his insights on various altcoins, highlighting a clear bullish pattern forming for one AI-focused token while updating his outlook on three others.
The analyst pointed out that Bittensor (TAO), a machine learning protocol, is currently experiencing a strong bull trend. According to Altcoin Sherpa, TAO has broken out of its multi-month accumulation range, indicating a potential for further price appreciation. He recommended buying the dips, emphasizing the bullish momentum in the market. TAO is currently trading at $488.88, reflecting a 5.20% increase in the last 24 hours.
Moving on to the native asset of the Artificial Superintelligence Alliance, Altcoin Sherpa mentioned that he is waiting for a minor pullback in FET before considering a long position. He suggested possible entry points at $1.50 or $1.37, depending on the level of aggressiveness. FET is currently trading at $1.62.
The analyst also analyzed Celestia (TIA), a layer-1 modular blockchain, noting that the asset recently experienced a significant retracement near its 100-day exponential moving average. Altcoin Sherpa recommended targeting entry points at around $5.11 for those interested in TIA. The current price of TIA stands at $5.42, reflecting a 7.34% decrease in the last day.
Finally, Altcoin Sherpa shared his thoughts on the memecoin Popcat (POPCAT), suggesting that the token may be on the verge of a breakout after a minor correction. He expressed bullish sentiment towards POPCAT, citing potential positive developments associated with the token. POPCAT is currently trading at $0.923, showing a 4.42% increase in the last 24 hours.
In conclusion, Altcoin Sherpa’s analysis provides valuable insights into the potential price movements of these altcoins. Investors are advised to conduct their own research and consider the risks involved in cryptocurrency trading. Stay updated with the latest market trends by subscribing to email alerts and following relevant social media platforms.