Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

A widely followed crypto strategist is predicting a surge for one AI-focused token while updating his forecast for Ethereum (ETH) and Lido DAO (LDO).

Pseudonymous analyst Altcoin Sherpa tells his 187,800 Twitter followers that Fetch.ai (FET), a platform that aims to bring together artificial intelligence and blockchain, is showing strength based on its 200-day exponential moving average (EMA).

However, the trader adds that he expects FET to take a slight dip before breaking out.

“FET: looks strong in the short term, right at the local top. 200-day EMA provided to be strong resistance, but I wouldn’t be surprised if we see a small pullback and then we break through it. AI narrative still might be going.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, FET is changing hands for $0.124, up over 15% on the day but still below Altcoin Sherpa’s resistance level of $0.131.

Next, the crypto strategist predicts that Ethereum will likely test its EMAs as support, but notes the smart contract platform’s mid-term moves are unclear.

“ETH: Not really sure, price kind of in no man’s land. I think a small move down (ie. 2% or something) to test some of the EMAs would be logical/make for a good short-term entry. Mid-term trend is still unknown.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, Ethereum is trading at $1,267.

Lastly, Altcoin Sherpa says bullish continuation is in sight for LDO after the liquid staking protocol took out its resistance at $1.41.

“LDO: Few different scenarios for LDO. Maybe a pullback first before breaking this current area.

If BTC shits the bed, this just goes all the way back down too.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, LDO is changing hands for $1.51, suggesting an upside potential of over 12% for the altcoin should it hit Altcoin Sherpa’s target of $1.70.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Natalia Siiatovskaia
Generated Image: Midjourney

Leave a Reply

Your email address will not be published. Required fields are marked *

doctors x videos bustyporntube.info tamana hot photos animal free mp3 download tubepatrol.sex 4kpron xvideoskerala sexo-vids.com maa bete ki sexy momo bnha hentai hentairay.com eye hentai نيك في السجن pornucho.com نيك في الجيم mobilexshare fuckholetube.com xossip aunties beeg hd sex blackporntrends.com www.indiansex videos.com xnxx tamil college girls mybeegsex.mobi gandi blue film bp picture video mein newcooltube.mobi kashmiri hot girls xnxx sex vedioes erosexus.info beeg' mom forced xnxx indaporn.info pela peli مواقع سكس هندي bombaporno.com زب مراهق politician mms goratube.mobi gokak sex video كلاسيك سكس porno-izlerim.org لحس كس مثير tere bina jeena saza bigassporntrends.com desi xossip