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

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

Pseudonym Analyst Altcoin Sherpa To tell His 187,800 Twitter followers show the strength of Fetch.ai (FET), a platform aimed at integrating artificial intelligence and blockchain, based on a 200-day exponential moving average (EMA). increase.

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.”

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. ”

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

Finally, Altcoin Sherpa To tell LDO looks set to continue bullish after Liquid Staking Protocol breaks resistance at $1.41.

“LDO: LDO has a few different scenarios.

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

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

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