A closely followed cryptocurrency strategist is predicting significant gains for two artificial intelligence (AI)-related altcoins, including Worldcoin (WLD).
Ali Martinez told his 46,500 followers on social media platform
Filecoin’s decentralized network offers a cheaper alternative for data storage, making the cryptocurrency project attractive to AI companies looking to store large data sets.
According to Martinez, FIL stands to gain around 200% if immediate resistance is removed.
“Filecoin is trading within a parallel channel on the 3-day chart. Note the resistance occurring at the upper boundary of the channel set at $8.50.
If this barrier is successfully breached, the price of FIL could rise significantly, potentially tripling its value to $25.5!”
A parallel channel is a technical pattern that indicates an asset is in a sideways consolidation phase when it is trading within a range. As of this writing, FIL is trading at $7.60.
As for Worldcoin, Martinez believes the underlying asset of the eye-scanning biometric cryptography project co-founded by OpenAI CEO Sam Altman has yet to rebound. According to analysts, WLD could surge up to 268% from current levels after breaking the ascending parallel channel.
“Worldcoin appears to have broken out of a rising parallel channel on the daily chart, setting the stage for a potential upward move. If this breakout holds, WLD could rise to $15 and even extend to $26.”
Rising parallel channels are generally considered a bullish pattern because they indicate that an asset is printing higher highs and higher lows.
As of this writing, WLD is worth $6.79.
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