A popular crypto analyst, Altcoin Sherpa, is predicting price increases for two cryptocurrencies: a Solana-based memecoin and an AI-focused altcoin. He shared his insights with his large following on X (formerly Twitter).
Bonk (BONK) to the Moon?
Sherpa is bullish on Bonk (BONK), a memecoin running on the Solana blockchain. He believes BONK is in early recovery and shows a strong short-term outlook. His chart analysis suggests resistance around $0.000012, followed by a potential rally to over $0.0000145. He advises that a pullback to the 200 EMA on the four-hour chart might be a good buying opportunity. At the time of this writing, BONK was trading at $0.00001376.
Alchemist AI (ALCH) Showing Strength
Sherpa also highlighted Alchemist AI (ALCH), an AI-powered cryptocurrency project. He sees ALCH as having a strong chart, noting it’s not getting much attention despite its potential. He compared it to ARC, another volatile AI coin, stating that while he’s not currently invested in ALCH, he plans to buy the dips. ALCH is currently the 431st largest cryptocurrency by market cap, trading at $0.109.
Bitcoin’s Short-Term Outlook
Finally, Sherpa offered his perspective on Bitcoin (BTC), predicting continued consolidation within a range of $70,000 to $90,000 in the coming weeks. He believes a relative bottom has been reached, but further consolidation is expected. At the time of writing, Bitcoin was trading at $85,366.
Disclaimer: This information is for general knowledge and entertainment purposes only and does not constitute financial advice. Always conduct thorough research and consider your own risk tolerance before making any investment decisions.
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