A widely followed crypto analyst says an artificial intelligence (AI)-powered altcoin looks strong while updating his outlook on Solana (SOL) and a handful of memecoins.
In a new strategy session, pseudonymous Altcoin crypto trader Sherpa told his 224,800 followers on social media platform technical indicators that seem extremely promising.
“FET.” Things look extremely good at the moment. The 1-day EMAs (exponential moving averages) are all tight; key levels (Fibonacci) and S/R regions (support/resistance). It’s more of a good buy and hold, in my opinion.
FET is trading at $1.40 at the time of writing, a gain of 1.22% in the last 24 hours.
Moving on to smart contract platform Solana, Sherpa says investors should be patient as the Ethereum (ETH) competitor does not appear to be making a significant upward move anytime soon.
“GROUND. Chop, chop, chop. In my opinion, this doesn’t have super strong movement for a little longer. Better to just buy and save for later.
SOL is trading at $154 at the time of writing, a gain of 1.4% on the day.
Sherpa concludes by recommending that investors who are interested in meme assets but are less active in the space accumulate meme coins that “haven’t worked hard yet,” like Floki (FLOKI), Bonk (BONK), and Pepe ( PEPE).
“In my opinion, a lot of really good memes are still out there at decent prices. You can always accumulate a lot before they go crazy. Yes, smaller onchain memes are better R:R (risk/reward), but if you’re less active and want to buy and hold, coins like FLOKI, BONK, and PEPE haven’t worked hard yet.
Floki, Bonk, and Pepe are valued at $0.000152, $0.000024, and $0.00001 respectively at the time of writing.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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/Dario Lo Presti/Mia Stendal
