A popular crypto analyst, Altcoin Sherpa, is bullish on an AI-related memecoin, Act I: The AI Prophecy (ACT), which has seen a massive price increase.
ACT’s Impressive Run
ACT has skyrocketed over 4,800% since November 5th, currently trading at $0.64. Sherpa highlights its strong performance on the four-hour chart, noting it’s successfully held the .382 Fibonacci retracement level. He attributes this surge partly to Elon Musk’s interaction with the coin and solid technical analysis. The coin boasts a market cap of $616.8 million.
Solana’s Sideways Movement?
Looking ahead, Sherpa predicts a period of sideways trading for Solana (SOL) between $210 and $259 for several months. He suggests this range could persist until a potential breakout in late 2025, viewing the current price range ($200-$250) as a good opportunity to accumulate SOL. Currently, SOL is trading at $244, up 3.5% in the last 24 hours.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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