A closely followed trader known for making timely altcoin calls believes that six crypto assets are the fastest horses in the digital asset race.
Pseudonymous analyst The Flow Horse tells his Telegram followers that six altcoins are ahead of the crypto pack, including projects in the artificial intelligence (AI), memecoin, and layer 1 sectors.
“Memes are more diverse, AI is led by TAO. Wif, Bonk, Grandpa. Sei and Sui are still strong. I wouldn’t really diversify outside of this top tier until the market makes it very obvious. Be late for this change if necessary.
With the latest crypto correction, The Flow Horse believes the drop is not a signal that strong altcoins are ready to give up most of the gains seen over the past few weeks.
“Anything mega-strong will likely just experience a cooling and not a reversal. I’m not sure about the depth or breadth, but I’m pretty confident about the direction. As long as the previous daily pivots hold (the idea that the previous major resistance becomes support), I see no reason to be too worried.
The trader zooms in on the Pepe (PEPE) memecoin to show how strong coins turned former resistance into support after the pullback.
“Keep an eye out for what’s showing strength and anything that’s at an earlier inflection point:
for example Pépé…
If markets strengthen and uncertainty dissipates, this is the level reached. »
At the time of writing, PEPE is trading at $0.00000983, up from its 24-hour low of $0.0000929.
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