Expert in the Crypto Markets Predicts Big Gains for an Altcoin With an Artificial Intelligence Focus
A popular crypto analyst has updated his predictions for Ethereum (ETH) and Lido DAO, and he sees big gains ahead for one token focused on artificial intelligence.
Anonyms market analyst Altcoin Sherpa tweets to his 187,800 followers that Fetch.ai (FET), a platform that promises to unite AI and blockchain, is trending upwards in light of its 200-day exponential moving average (EMA). On the other hand, the trader adds that he believes FET will fall before eventually breaking out.
Currently, FET seems to be quite promising, towards the top of the local market. The 200-day EMA has shown to be a formidable barrier; nevertheless, I wouldn’t be shocked to see a brief retracement followed by a swift reversal over that level. The story of AI might still be developing.
Prices for FET are $0.124 at the time of writing, an increase of almost 15% on the day but still below Altcoin Sherpa’s resistance level of $0.131.
The crypto expert then says Ethereum would probably test its EMAs as support, but the smart contract platform’s mid-term actions remain unknown.
“ETH: Not sure, pricing is at a weird place right now.” In my opinion, it would make sense for the price to drop by a tiny amount in order to test some of the EMAs, providing a decent opportunity for a short-term entry. The future over the next several years is unclear.
Lastly, Altcoin Sherpa predicts further gains for LDO after the liquid staking technology broke over a key resistance level at $1.41.
There are a number of possible LDO outcomes. Maybe a retracement is in order before trying to break through the present resistance level.