An influential crypto analyst has highlighted the emergence of a clear bullish pattern for an AI-focused altcoin while revising his perspectives on three other tokens.
Altcoin Sherpa, a crypto trader who prefers to remain anonymous, informed his 223,300 followers on X that the machine learning protocol Bittensor (TAO) is currently experiencing a “clear bull trend.”
According to the trader, TAO has broken out of its prolonged accumulation phase, indicating a positive outlook. He stated, “TAO never dropped to the range low. Expansion and clear bull trend now IMO (in my opinion), dips are for buying.”
TAO is currently priced at $488.88, reflecting a 5.20% increase over the last day.
Shifting focus to FET, the native asset of the Artificial Superintelligence Alliance, Altcoin Sherpa mentioned that he is waiting for a minor pullback before considering a long position. He suggested, “FET – I think $1.50 could be an ok first entry, but pretty aggressive. If patient, you can hope for $1.37ish levels. Would probably do some entries at $1.50 though personally.”
Currently, FET is trading at $1.62.
Additionally, Altcoin Sherpa analyzed Celestia (TIA), a layer-1 modular blockchain, noting that the asset recently experienced its first major retracement near its 100-day exponential moving average (EMA). He mentioned, “Would target $5.11ish for first entries if you like this one.”
At present, TIA is valued at $5.42, reflecting a 7.34% decrease in the last 24 hours.
Concluding his analysis with Popcat (POPCAT), a memecoin, Altcoin Sherpa suggested that the token might be on the verge of a breakout following a slight correction. He added, “POPCAT breaks soon after a bit of pullback. Bullish on all the beta that comes with it (aura/ hehe/ etc).”
POPCAT is currently trading at $0.923, showing a 4.42% increase today.
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