In a recent update, popular crypto analyst Altcoin Sherpa has identified a clear bullish pattern for the artificial intelligence (AI)-focused altcoin, Bittensor (TAO). With a massive following of 223,300 on X, Altcoin Sherpa shared a chart indicating that TAO has broken out of its accumulation range that lasted for several months. According to the analyst, TAO has never dropped to the range low and is now experiencing expansion and a clear bull trend. Altcoin Sherpa advises his followers to use any dips as an opportunity to buy TAO. At the time of writing, TAO is trading at $488.88, showing a 5.20% increase in the last 24 hours.
Moving on to the native asset of the Artificial Superintelligence Alliance (FET), Altcoin Sherpa suggests waiting for a minor pullback before going long. The analyst believes that an entry point of $1.50 could be acceptable, but it is a more aggressive move. However, for those who are patient, levels of around $1.37 could be reached. Altcoin Sherpa personally recommends making some entries at $1.50. Currently, FET is trading at $1.62.
Altcoin Sherpa also pays attention to Celestia (TIA), a layer-1 modular blockchain. The analyst notes that TIA recently experienced its first significant retracement near its 100-day exponential moving average (EMA). Altcoin Sherpa suggests targeting first entries at around $5.11 for those interested in TIA. As of now, TIA is trading at $5.42, showing a decrease of 7.34% in the last 24 hours.
Lastly, Altcoin Sherpa analyzes the memecoin, Popcat (POPCAT), and believes that it may be on the verge of a breakout after a slight pullback. The analyst is bullish on the potential that comes with POPCAT and advises keeping an eye on it. Currently, POPCAT is trading at $0.923, experiencing a 4.42% increase.
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