Altcoin Sherpa, which is effectively followed in the cryptocurrency markets, signaled significant rallies for Avalanche (AVAX) and artificial intelligence (AI) focused cryptocurrency Fetch.ai (FET) with its latest analysis.
Firstly, AVAX, as a smart contract protocol and an asset highlighted by Altcoin Sherpa, seems to offer great potential to investors. Altcoin Sherpa, to the analysis He begins by stating that AVAX is in a recovery that is not yet complete. To support this situation, he provides traders with a chart showing that AVAX has successfully surpassed $39, a critical resistance level on the weekly chart. This success demonstrates the cryptocurrency’s strong performance and attracting investor interest.
According to the analyst, AVAX’s appeal is not limited to its current successes. Altcoin Sherpa states that, surprisingly, Avalanche stands out among other new layer-1 and layer-2 projects.
“AVAX: I don’t know why this has progressed this far, but it’s pretty incredible to see this in the midst of all the new layer-1s/layer-2s available. AVAX outperformed many shiny new chains during this study. “For me, $55 and $60 are next.”
NEWS CONTINUES BELOW
These targets give investors a perspective that AVAX could rise even higher in the coming days. At press time, AVAX is trading at $40.75.
In addition, Fetch.ai (FET) was examined by cryptocurrency analyst Altcoin Sherpa and it is predicted that it may enter a potential uptrend in the future. According to Altcoin Sherpa’s analysis, considering current prices, an increase of over 28% in the value of FET is possible. However, the analyst states that he is currently hesitant to buy for FET at current levels.
“FET: the current level is interesting but I still won’t buy here. To be honest, I’m still looking for my main AI coin for this cycle. I have other investments and narratives completed, but not this one (yet). “Honestly, $0.90 seems likely in the medium term.”
At the time of this writing, FET is trading at $0.70.
The last cryptocurrency on investors’ radar is the blockchain-based gaming network Beam (BEAMX). The analyst said he expects BEAMX to fall a little further before getting interested in the altcoin.
“BEAM: There is a nice retreat available soon for those who want to join. I think BEAM is a great index for web3 games in general. I have a bag and I will keep it for a while. I think the $0.016 area is interesting… It is the 0.50 Fibonacci level of the entire move. This level can be followed.”
You can follow the current price movement here.