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Home»ALTCOIN NEWS»Trader updates forecast for altcoin that surged 900% in less than 4 months, issues warning to Solana
ALTCOIN NEWS

Trader updates forecast for altcoin that surged 900% in less than 4 months, issues warning to Solana

By Crypto FlexsFebruary 8, 20243 Mins Read
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Trader updates forecast for altcoin that surged 900% in less than 4 months, issues warning to Solana
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A cryptocurrency strategist believes artificial intelligence (AI)-related altcoin projects can still go higher after already making big gains.

Pseudonymous analyst Altcoin Sherpa says Bittensor (TAO), a decentralized blockchain platform focused on machine learning and AI, has 206,900 followers on social media platform

“Tao: I remember buying this for $120 and selling it quickly. ache. We are still very bullish on this front and if the current level is broken, $600 will be the next upside area. The $220 .50 (Fibonacci) area was a great entry point. “It could have been.”

Source: Altcoin Sherpa/X

TAO is trading at $450.89 at the time of this writing. This is an impressive 880% increase since it was trading at around $46 on October 16th.

Next is the merchant Called He remains bullish on Ethereum (ETH) competitor Solana (SOL). However, he warned that SOL may retest the Fibonacci retracement levels at $84.67 or $71.81.

“SOL: Please grind slowly. I have no opinion on where this will go in the short/medium term. I still think it will do pretty well in 2024 and hold on to it, but I think lower prices will probably come. $70 to $85 would be a reasonable price to accumulate.”

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Source: Altcoin Sherpa/X

SOL is trading at $101.11 at the time of writing, up more than 4% in the last 24 hours.

Finally, the merchant Called He is also bullish on blockchain oracle provider Chainlink (LINK), predicting that the token will soon reverse the key resistance level at $18.70 into support.

“LINK is still experiencing resistance, but I think it will eventually rise significantly in the medium term after a prolonged period of consolidation.”

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Source: Altcoin Sherpa/X

LINK is trading at $19 at the time of this writing, up almost 4% in the last four hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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