Ali Martinez, a closely followed crypto strategist, worldcoin Two altcoins related to artificial intelligence (AI), including (WLD), are predicting explosive movements in price.
Ali Martinez stated that the local presence of decentralized storage network Filecoin (FIL) is close to witnessing a major explosion.
Filecoin’s decentralized network offers a cheaper alternative for data storage, making the crypto project attractive to AI firms looking to save large data sets. According to the analyst, if FIL breaks its immediate resistance, around 200% gain is possible. Here is the analyst’s comment:
“filecoin It is trading within a parallel channel on its three-day chart. Note the resistance formed by the upper limit of the channel set at $8.50. A successful breach of this resistance could significantly increase the price of FIL, potentially tripling its value to $25.5!”
Parallel channel is also known as a technical pattern that indicates that an asset is in a horizontal consolidation phase while trading in a range. At the time of this writing, FIL was trading at $7.60.
Filecoin and Worldcoin are on my radar
As for Worldcoin, Martinez noted that the native presence of the eye-scanning biometric crypto project founded by OpenAI CEO Sam Altman has yet to spark the expected rally. According to the analyst, WLD has the potential to rise up to 268% from current levels after breaking out of an ascending parallel channel.
“Worldcoin appears to have broken out of an ascending parallel channel on its daily chart, setting the stage for potential upside movement. If this breakout continues, it looks like WLD could rise as high as $15 and extend it to $26.”
An ascending parallel channel is typically interpreted as a bullish pattern as it indicates that an asset is printing higher highs and higher lows.
