A well-known crypto analyst states that a distinct bullish pattern is emerging for one AI-driven altcoin while providing updates on three additional tokens.
The anonymous crypto trader Altcoin Sherpa informs his 223,300 followers on the social media platform X that a “clear bullish trend” is developing for the machine learning protocol Bittensor (TAO).
The trader shares a chart indicating that TAO has escaped its multi-month accumulation zone.
“TAO never fell to the range low. We’re seeing expansion and a definite bullish trend now, in my opinion; dips should be seen as buying opportunities.”
At the time of writing, TAO is priced at $488.88, reflecting a 5.20% rise over the last 24 hours.
Next, regarding the native asset of the Artificial Superintelligence Alliance (FET), the trader mentions that he is waiting for a slight pullback before entering a long position.
“FET – I think $1.50 could serve as a decent initial entry, albeit somewhat aggressive. If you’re patient, you might aim for around $1.37. Personally, I’d likely make some entries at $1.50.”
At present, FET is trading at $1.62.
Altcoin Sherpa is also analyzing the layer-1 modular blockchain Celestia (TIA), noting that the asset recently experienced its first significant retracement approaching its 100-day exponential moving average (EMA).
“If you’re interested in this one, I’d target around $5.11 for initial entries.”
At the time of this writing, TIA is trading for $5.42, having decreased by 7.34% over the last day.
In concluding his analysis with the memecoin Popcat (POPCAT), the trader states that the token might be just one minor correction away from a substantial breakout.
“POPCAT is likely to break soon following a brief pullback. I remain optimistic about all the associated betas (aura/ hehe/ etc.).”
Currently, POPCAT is priced at $0.923, marking a 4.42% increase for the day.
Stay Updated – Subscribe to receive email notifications directly in your inbox
Monitor Price Movements
Connect with us on X, Facebook, and Telegram
Explore The Daily Hodl Mix
Disclaimer: The views expressed in The Daily Hodl do not constitute investment advice. Investors should conduct their own research before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are made at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it act as an investment advisor. The Daily Hodl may participate in affiliate marketing.
Image Created by: Midjourney
