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Home»Analysis»Analyst Says AI Altcoin Is Up Over 4,000% In A Month And Is Doing Extremely Well, Outlines The Way Forward For Solana
Analysis

Analyst Says AI Altcoin Is Up Over 4,000% In A Month And Is Doing Extremely Well, Outlines The Way Forward For Solana

2024-11-30No Comments2 Mins Read
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Popular crypto analyst Altcoin Sherpa says a red-hot artificial intelligence (AI)-related memecoin continues to show market strength after a massive surge.

The pseudonymous trader tells his 233,000 followers on the social media platform

According to the trader’s chart, ACT has broken the .382 Fibonacci retracement level at $0.59 and remains as support at the time of writing.

“ACT is moving extremely well, a huge move by some Elon [Musk] interaction. However, its technical analysis was also very solid as it built a base (it didn’t go all the way to $0.36 as I wanted). Big moves for all these AI coins [November 29th]let’s see what happens.”

Image
Source: Altcoin Sherpa/X

ACT is trading at $0.64 at the time of writing, up over 4,800% from the low of $0.0130 on November 5. The Solana (SOL)-based memecoin has a market cap of $616.8 million.

Then the analyst suggests that Solana could trade sideways between $259 and $210 on the weekly time frame for many months before potentially breaking out in late 2025.

“SOL between $200 and $250 in my opinion. A good time to gather.”

Image
Source: Altcoin Sherpa/X

Solana is trading at $244 at the time of writing, up 3.5% in the last 24 hours.

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See also  Top trader says Bitcoin (BTC) has more room to run after a clean break of critical resistance – this is his target
Altcoin Analyst Extremely month outlines Solana
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