By Nermeen Nabil 
A closely followed crypto analyst says that a clear bull pattern is forming for one artificial intelligence (AI)-focused altcoin while updating his outlook on three other tokens.
Pseudonymous crypto trader Altcoin Sherpa tells his 223,300 followers on the social media platform X that a “clear bull trend” is underway for machine learning protocol Bittensor (TAO).
The trader shares a chart suggesting that TAO has broken out of its multi-month accumulation range.
“TAO never dropped to the range low. Expansion and clear bull trend now IMO (in my opinion), dips are for buying.”
Source: Altcoin Sherpa/X
TAO is trading for $488.88 at time of writing, a 5.20% increase during the last day.
Moving on to the native asset of the Artificial Superintelligence Alliance (FET), the trader says he’s waiting for the coin to witness a minor pullback before going long.
“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.”
Source: Altcoin Sherpa/X
FET is trading at $1.62 at time of writing.
Altcoin Sherpa is also looking at the layer-1 modular blockchain Celestia (TIA), noting that the asset had its first major retracement near its 100-day exponential moving average (EMA).
“Would target $5.11ish for first entries if you like this one.”
Source: Altcoin Sherpa/X
TIA is trading for $5.42 at time of writing, a 7.34% decrease during the last 24 hours.
Concluding his analysis with the memecoin Popcat (POPCAT), the trader says the token may be one small correction away from a breakout.
“POPCAT breaks soon after a bit of a pullback. Bullish on all the beta that comes with it (aura/ hehe/ etc).”
Source: Altcoin Sherpa/X
POPCAT is trading for $0.923 at time of writing, a 4.42% increase on the day.
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The post Analyst Says Clear Bull Trend Underway for AI-Focused Altcoin, Updates Forecast on FET and Two Other Coins appeared first on The Daily Hodl.
A closely followed crypto analyst says that a clear bull pattern is forming for one artificial intelligence (AI)-focused altcoin while updating his outlook on three other tokens. Pseudonymous crypto trader Altcoin Sherpa tells his 223,300 followers on the social media platform X that a “clear bull trend” is underway for machine learning protocol Bittensor (TAO).
The post Analyst Says Clear Bull Trend Underway for AI-Focused Altcoin, Updates Forecast on FET and Two Other Coins appeared first on The Daily Hodl. Altcoins, Trading, Altcoin Sherpa, altcoins, bittensor, Celestia, Crypto, FET, Fetch AI, News, popcat, tao, tia, trading
Nermeen Nabil Khear