One trader known for making timely altcoin calls believes six crypto assets are the fastest horses in the digital asset race.
Household analyst The Flow Horse tells Telegram subscribers that six altcoins are ahead of the cryptocurrency pack, including projects in the artificial intelligence (AI), memecoins and layer 1 sectors.
“Memes are becoming more diverse, and AI is led by TAO. Whip, Bonk, Pepe. Sei and Sui are still strong. I wouldn’t really try to diversify outside of these leading packs until the market becomes very clear. “Be late for change when it is absolutely necessary.”
With the latest cryptocurrency correction, The Flow Horse believes the decline is not a sign that the powerful altcoin is ready to give up most of the gains it has witnessed over the past few weeks.
“Anything that is extraordinarily strong is more likely to see a cooling rather than a reversal. I’m not sure about the depth or size, but I’m pretty confident about the direction. As long as the previous daily pivot holds (the idea of previous major resistance turning into support), there is no reason to be overly concerned.”
A trader zooms in on the memecoin Pepe (PEPE), showing how the coin turned previous resistance into support after a decline.
“Keep an eye on everything that is bullish and at previous inflection points.
For example, Pepe…
“This is the level when the market solidifies and uncertainty emerges.”
As of this writing, PEPE is trading at $0.00000983, up from a 24-hour low of $0.0000929.
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