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Home»ALTCOIN NEWS»Analyst Says Clear Bullish Trend Ahead for AI-Driven Altcoins, Updates Forecast for FET and Two Other Coins
ALTCOIN NEWS

Analyst Says Clear Bullish Trend Ahead for AI-Driven Altcoins, Updates Forecast for FET and Two Other Coins

By Crypto FlexsSeptember 24, 20243 Mins Read
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Analyst Says Clear Bullish Trend Ahead for AI-Driven Altcoins, Updates Forecast for FET and Two Other Coins
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A prominent crypto analyst has updated his outlook for three other tokens, saying a clear bullish pattern is forming for one artificial intelligence (AI)-focused altcoin.

Anonymous cryptocurrency trader Altcoin Sherpa told his 223,300 followers on social media platform X that there was a “clear bullish trend” underway for machine learning protocol Bittensor (TAO).

The trader shares a chart showing TAO breaking out of its multi-month accumulation range.

“TAO has never fallen to the low of its range. The extension and clear bullish trend is my view right now. The dip is a buy.”

Source: Altcoin Sherpa/X

At the time of writing, TAO is trading at $488.88, up 5.20% over the past day.

Regarding the underlying asset of the Federation of Artificial Intelligence (FET), the trader said he would wait for the coin to drop slightly before taking a long position.

“FET – I think $1.50 would be a decent first entry, but it could be quite aggressive. If you are patient, you could expect to see levels around $1.37. Personally, I would see a few entries at $1.50.”

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Source: Altcoin Sherpa/X

As of this writing, FET is trading at $1.62.

Altcoin Sherpa also looked at Celestia (TIA), a layer 1 modular blockchain, noting that the asset has seen its first major bounce near its 100-day exponential moving average (EMA).

“If you like this, I’d aim for around $5.11 for the first item.”

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Source: Altcoin Sherpa/X

At the time of writing, TIA is trading at $5.42, down 7.34% over the last 24 hours.

The trader concluded his analysis on Mimecoin POPCAT, saying that the token could only see minor corrections before a breakout.

“POPCAT broke right after a slight pullback. Bullish on all the betas that come with it (aura/ hehe/ etc).”

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Source: Altcoin Sherpa/X

At the time of writing, POPCAT is trading at $0.923, up 4.42% on the day.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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