Popular crypto analyst Altcoin Sherpa claims that an artificial intelligence (AI)-linked memecoin continues to show market strength after a massive surge.
The pseudonymous trader tells his 233,000 followers on social media platform X that Act I: The AI Prophecy (ACT) looks strong on the four-hour chart.
According to the trader’s chart, ACT broke the Fibonacci retracement level from $0.382 to $0.59 and continues to hold it as support at the time of writing.
“ACT is growing extremely well, a huge step forward thanks to interaction with Elon (Musk). The technical analysis on this was actually very strong as well, as it was building a base (didn’t quite go to $0.36 like I wanted). Big moves for all these AI coins (November 29), let’s see what happens.
ACT is trading at $0.64 at the time of writing, up more than 4,800% from its November 5 low of $0.0130. The Solana-based memecoin (SOL) has a market capitalization of $616.8 million.
Next, the analyst suggests that Solana could trade sideways for several months between $259 and $210 on a weekly time frame before potentially breaking out in late 2025.
“SOL between $200 and $250 in my opinion. It’s a good time to accumulate.
Solana is trading at $244 at the time of writing, up 3.5% in the last 24 hours.
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