Altcoin Sherpa, a popular trader, believes that a crypto asset focused on artificial intelligence (AI) is poised to offer opportunities for bullish investors.
With a following of 236,000 on X, Altcoin Sherpa suggests that ZEREBRO, an AI system that autonomously generates and distributes content across different platforms, may present buying opportunities in the $0.40 range.
Despite an expected correction, Altcoin Sherpa remains optimistic about the future potential of ZEREBRO, stating that it will be “very strong.”
“$0.50 is currently a resistance level, and I anticipate a pullback between this point and the low $0.60s. However, I believe this asset has strong potential moving forward. I have a substantial investment in it. The team is highly competent. I see the $0.40ish range as a good entry point.”
Currently, ZEREBRO is trading at $0.54, showing a 38% increase in the last 24 hours. Altcoin Sherpa also expresses bullish sentiment towards Hyperliquid (HYPE), a decentralized perpetuals exchange.
For those considering a long position in HYPE, Altcoin Sherpa suggests accumulating at current prices with a potential target above $50.
“Dollar cost average into HYPE between $30-25 and feel confident about it. Save some funds to buy at lower prices if the opportunity arises. If it drops to the low $20s, it would be a great buying opportunity. I believe it will reach $50+ before the end of the cycle.”
As of now, HYPE is trading at $0.26. Altcoin Sherpa also shares insights on the memecoin sector, highlighting potential opportunities and risks associated with popular memes like MOODENG, CHILLGUY, and PNUT.
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Image Credits: Midjourney
