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

A widely followed crypto strategist predicts a surge in one AI-focused token while updating its forecasts for Ethereum (ETH) and Lido DAO (LDO).

Pseudonym Analyst Altcoin Sherpa To tell Fetch.ai (FET), a platform aimed at unifying artificial intelligence and blockchain, has 187,800 Twitter followers showing strength based on its 200-day exponential moving average (EMA).

However, the trader adds that he expects the FET to drop slightly before breaking out.

“FET: Looks strong in the short term, but is really a local top. The 200-day EMA provided strong resistance, but we see a small bounce and I wouldn’t be surprised if it breaks through. AI’s The story may still continue.”

sauce: Altcoin Sherpa/Twitter

At the time of writing, FET is trading at $0.124, up more than 15% for the day but still below Altcoin Sherpa’s resistance level of $0.131.

Next, the crypto strategist predicts that Ethereum will likely test EMA as support, but notes that the medium-term move of the smart contract platform is unclear.

ETH: I’m not sure. Prices are like no man’s land. I think a small move (i.e. 2% or something) to test some EMA is logical and suitable for short term entry. Medium-term trends are still unclear. ”

image
sauce: Altcoin Sherpa/Twitter

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

Finally, Altcoin Sherpa To tell After the Liquid Staking Protocol broke the resistance at $1.41, we’re seeing a continuation of the LDO bullishness.

“LDO: LDO has several different scenarios. Before it breaks this current territory, it may pull back first.

If BTC is ruined, this will only go back to normal. “

image
sauce: Altcoin Sherpa/Twitter

At the time of writing, the LDO is trading at $1.51, suggesting the altcoin could rise by more than 12% if it hits Altcoin Sherpa’s target of $1.70. .

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