One of the most respected crypto-strategists predicts an explosive rally for Ethereum in late 2018.ETH) competitor.
Altcoin Sherpa, a pseudonymous analyst tells Solana’s 215,500 social media followers (X) on X.SOL() is expected to increase in value by 267 percent.
“SOL: averaging into SOL is never a bad idea in my opinion. I think this goes to $500+ later this year. Anywhere from $130-$110 would be a gift (not quite expecting that yet).”
The Fibonacci levels that the trader is closely watching for possible retests are $138.
Solana currently trades at $136, which is a 5.54% drop in 24 hours.
Next, we have the trader predicts Two artificial intelligence-related projects Fetch.ai and Smart.ai are underway.FETRender () is a rendering tool that renders (RNDRIn the near-term, prices may retrace back to Fibonacci lows before making a large rally.
“Probably going to be some good AI coin deals here in the coming weeks/months if BTC continues to have the current price action of bleeding/chopping. Stuff like FET, RNDR are going to be great buys in my opinion. Start averaging in at the .50 fib and go down to .618 in my opinion.”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1714315443_613_Trader-Predicts-One-Blue-Chip-Altcoin-Will-Explode-260-This-Year.png)
The trader says that based on his chart FET could drop as low as $0.45.
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1714315443_348_Trader-Predicts-One-Blue-Chip-Altcoin-Will-Explode-260-This-Year.png)
The trader, looking at the chart, believes that RNDR could dip around the 200 day exponential moving average (EMA), at approximately $6.
FET trades for $2.11 as of the time this post was published, down by more than 7% over the last 24 hour. RNDR, on the other hand, is currently trading at $7.95, also down by more than 7%.
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Source: dailyhodl.com