Crypto Analyst Predicts Growth for AI Altcoin, Forecasts for Bitcoin, Chainlink, and Jupiter (FET)

  • A renowned crypto analyst known as The Flow Horse predicts a positive trend for the decentralized artificial intelligence platform (FET).
  • The analyst notes a rise in open interest (OI) and trading volume, indicating bullish sentiment.
  • FET is poised to turn the $0.56 level into support, potentially leading to a rally.
  • At the time of writing, FET trades at $0.566, up 4% in the last 24 hours.

Bitcoin (BTC)

  • The upcoming Bitcoin halving event in April is expected to be more bullish than previous events.
  • BlackRock, a financial giant with $9 trillion in assets under management, is likely to promote the event through its recently launched spot BTC exchange-traded fund (ETF).
  • This marks the first time a trillion-dollar asset manager will actively market a Bitcoin halving.
  • Bitcoin currently trades at $43,167, showing a slight increase in the last 24 hours.

Chainlink (LINK)

  • The decentralized oracle provider Chainlink (LINK) continues to trend upward, facing resistance at the $18 level.
  • The analyst acknowledges that he may have exited his LINK position prematurely.
  • LINK trades at $17.83 at the time of writing, with a slight decline in the last 24 hours.

Jupiter (JUP)

  • The analyst is becoming bullish on the Solana-based decentralized exchange (DEX) aggregator Jupiter (JUP).
  • He cites the project’s high mindshare and the potential for an imbalanced auction due to the airdrop mechanics.
  • Traders can utilize the volume-weighted average price (VWAP) to identify potential buying opportunities.
  • Jupiter trades at $0.579, experiencing a decline of over 3% in the last 24 hours.

Disclaimer: The information provided is for educational purposes only and should not be considered investment advice.