A well-known trader recognized for timely altcoin predictions is highlighting six cryptocurrency assets he believes are the frontrunners in the digital asset landscape.
The pseudonymous analyst The Flow Horse informs his Telegram followers that six altcoins are leading the charge, featuring projects from the fields of artificial intelligence (AI), memecoins, and layer-1 solutions.
“Memes display greater diversity, while AI is spearheaded by TAO. Wif, Bonk, and Pepe are also contenders. Sei and Sui continue to show strength. I wouldn’t diversify much beyond this leading group until the market signals a clear change, even if it means lagging behind.”
Amid the recent cryptocurrency correction, The Flow Horse believes this dip does not indicate that robust altcoins are about to lose most of their gains accumulated in recent weeks.
“Anything that is exceptionally strong is likely just experiencing a cooldown rather than a full reversal. While I’m unsure of the extent or scale, I’m fairly confident in the overall direction. Provided that previous daily pivots hold (the principle that past major resistance becomes support), there is no reason to worry excessively.”
The trader focuses on the memecoin Pepe (PEPE) to illustrate how strong coins have turned a previous resistance level into support after the pullback.
“Pay attention to what is demonstrating strength, especially anything at a prior inflection point:
e.g., Pepe…
If the markets stabilize and the uncertainty dissipates, this is the level to watch.”
At the time of this writing, PEPE is trading at $0.00000983, up from its 24-hour low of $0.0000929.
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Disclaimer: The opinions shared on The Daily Hodl do not constitute investment advice. Investors are encouraged to perform their own due diligence before engaging in any high-risk investments related to Bitcoin, cryptocurrency, or digital assets. Please note that your transactions and trades are at your own risk and any potential losses are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it act as an investment advisor. Additionally, The Daily Hodl engages in affiliate marketing.
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