A prominent cryptocurrency analyst believes that projects focused on artificial intelligence (AI) could maintain an upward trend for several months.
A pseudonymous trader known as Altcoin Sherpa says The 207,300 followers of social media platform
“FET: Still looking good and entering resistance zone. “I think it will go much higher in the coming months, but a dollar seems uncertain here in terms of entry.”
Looking at the chart, traders suggest that the next major resistance level for FET is $0.76 after a bounce from $0.55, the upper limit of the previous trading range.
As of this writing, FET is trading at $0.70, up 6.5% in the last 24 hours.
Next is the merchant predict Bitcoin (BTC) will soon reach the $58,000 level.
“BTC: The next area of interest will probably be the $58,000 region. Prices have had a hard time staying above it for several weeks in 2021 (that’s how fast time flies). “I expect some kind of decline around there, but I fully believe that ATH (all-time high) is (eventually) breaking.”
Bitcoin is trading at $51,885 at the time of writing and has risen slightly over the past 24 hours.
Finally, the merchant Believe Decentralized oracle network Chainlink (LINK) is finally heading to greater heights.
“LINK: Things still look good at the HTF (high time frame) for LINK. I think this will continue to go higher in the long term, but I don’t really like this in short term trading. Volatility is decent (but liquidity is good).”
LINK is trading at $19.51 at the time of this writing, down nearly 3% in the last 24 hours.
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