Altcoin Sherpa, a popular crypto analyst, has been highlighting the potential returns on artificial intelligence (AI) altcoins that have risen recently. Focusing on Fetch.ai (FET), Worldcoin (WLD) and Bittensor (TAO), he recommends investors evaluate the potential of these projects. Moreover, the analyst uses Fibonacci extensions in technical analysis to identify potential entry points in these altcoins. Here are the details…
Altcoin Sherpa is known as an analyst with a wide following in the cryptocurrency market and specializes in altcoins in particular. In his recent analysis, he provided strategic advice to investors, focusing on Fetch.ai (FET), Worldcoin (WLD), and Bittensor (TAO). These three cryptocurrencies are working on various projects related to artificial intelligence technology and are among the promising names in the industry.
Altcoin Sherpa used technical indicators and Fibonacci extensions in his analysis, highlighting the importance of certain price levels. In particular, he sees the 0.236 fib and 0.382 fib areas as good starting points and states that these levels can be an important reference point for investors. However, while drawing attention to these entry points, he emphasizes that investors should be cautious and manage their risks.
According to the analyst, price movements in AI altcoins can often be volatile and may experience sudden fluctuations. Therefore, it is important for investors to avoid making emotional decisions and trade by sticking to their long-term strategies. Altcoin Sherpa, “DON’T PUT EVERYTHING (ALL YOUR MONEY) ON THE WAY on any entry. DON’T GET FOMO (FEAR OF MISSING THE OPPORTUNITY). “A retreat will probably come soon.” He warns investors not to act hastily.
Fetch.ai (FET), a decentralized AI platform for applications, is trading at $1.06 at the time of writing. Potential entry points for the asset on Altcoin Sherpa’s chart are $0.7669 and $0.6856.
Worldcoin is trading at $6.72 at the time of writing this article. The analyst’s chart for the asset shows potential entry points at $6,618 and $5,764.
Bittensor is trading at $628.33 at the time of this writing. Altcoin Psycho shows potential entry points at $586.68 and $517.75.
The analyst also notes that investors should pay attention to volatility, high volume and wicks in both directions.
“This usually means some type of local or larger peak is imminent. Act according to the situation, but yeah, I think the games that still need to be focused on are the AI games. Leaders like TAO and WLD are the first coins to watch; When they start to retreat, everything will also retreat. However, you should start thinking about your AI bags for this cycle. It is not too late. Don’t sit on the sidelines thinking ‘it’s already up’.”
