A noted crypto analyst says a clear bullish pattern is forming in one artificial intelligence (AI)-focused altcoin, and has updated his outlook for three other tokens.
Anonymous crypto trader Altcoin Sherpa told his 223,300 followers on social media platform X that a “clear bullish trend” is underway in machine learning protocol BitTensor (TAO).
Traders have shared charts suggesting that TAO has broken out of a multi-month accumulation range.
“TAO has never fallen to the bottom of its range. It is currently expanding and in a clear bullish trend (my opinion). Buy on the dips.”
Source: Altcoinsherpa/X
TAO is trading at $488.88 at the time of writing, up 5.20% from the previous day.
Moving on to the native asset of the Federation of Artificial Superintelligence (FET), traders said they are waiting for the coin to experience a minor pullback before taking long positions.
“FET – $1.50 seems like a good initial entry but it’s pretty aggressive. If we are patient we can expect levels around $1.37. Personally I might enter at $1.50 though.”
Source: Altcoinsherpa/X
At the time of writing, FET is trading at $1.62.
Altcoin Sherpa is also keeping an eye on Celestia (TIA), a layer-1 modular blockchain, noting that the asset has exhibited its first major retracement near the 100-day exponential moving average (EMA).
“If you like this, aim for around $5.11 for your first entry.”
Source: Altcoinsherpa/X
TIA is trading at $5.42 at the time of writing, down 7.34% over the past 24 hours.
Traders are wrapping up their analysis of meme coin Popcat (POPCAT), saying the token may be in for a small correction before a breakout.
“POPCAT quickly broke out after a small pullback. Bullish on all the beta that comes with it (aura/ hehe/ etc).”
Source: Altcoinsherpa/X
At the time of writing, POPCAT is trading at $0.923, up 4.42% from the previous day.
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