Top Crypto Analyst Warns of Potential Corrections in AI Altcoins
A well-known crypto strategist, followed for his accurate altcoin predictions, believes that two coins in the artificial intelligence (AI) subsector are poised for significant downside movement.
Altcoin Sherpa’s AI Altcoin Breakdown
- Render (RNDR): This project linked to Graphics Processing Units (GPUs) could dip to the 0.618 Fibonacci level before rebounding
- Altcoin Sherpa recommends buying RNDR between its current price and $6
- Bittensor (TAO): After a Binance listing caused a drop, TAO may find support at the 0.50 Fibonacci level
- The analyst is observing heavy price volatility and suggests a potential drop to $320 if $400 support fails
- Prom (PROM): Interoperability protocol facing a potential pullback if it cannot sustain support at $9.45
- In case of a close below support, a significant pullback is expected
Current Prices and Analysis
As of the latest update:
- RNDR is valued at $9.06
- TAO is priced at $479.76 following its recent Binance listing
- PROM is currently trading at $11.07
What to Watch Out For
Altcoin Sherpa’s analysis points to potential corrections and volatile movements in these AI-focused altcoins. Keep an eye on the following key areas:
- Price movements around Fibonacci levels
- Sustaining support levels at key price points
- Volatility patterns that could indicate further downside
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Hot Take: Expert Insights on the Future of AI Altcoins
Stay ahead of the game with expert predictions on the potential corrections in AI altcoins. Keep a close watch on RNDR, TAO, and PROM for possible price swings based on Altcoin Sherpa’s analysis. Understanding key support levels and market volatility could help you make informed decisions in the ever-changing world of cryptocurrencies!
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