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 A widely followed crypto strategist is updating his outlook on one red-hot artificial intelligence (AI) altcoin.
 The pseudonymous crypto analyst Pentoshi tells his 707,100 Twitter followers that Fetch.AI (FET) is likely entering a consolidation phase after soaring 307% year-to-date.
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 “Update: mid-term resistance resisting. Guessing a week or so of some consolidation and chop for this on FET before anything more significant happens. Very strong move, so naturally profit taking occurring and coins changing hands.”
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 Source: Pentoshi/X
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 FET opened the year at $0.0922 and is trading for $0.375 at time of writing, after retracing from $0.3909.
 Next up, the trader says Solana (SOL) will likely take out range highs before retracing to the $32 level to set up another move to the upside.
 “SOL take out these equal highs at the top of the range and in next couple weeks likely a chance to refuel at the mid-range at $32.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F90LP08WAAAaoDs?format=jpg&amp;name=medium" alt="Image" width="1200" height="756">
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 Source: Pentoshi/X
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 Solana is trading for $43.14 at time of writing, up more than 15% in the past 24 hours.
 The trader also updates his outlook on Bitcoin (BTC) and predicts a new high of $37,000 this year before a dip down to a new support level at $33,000. He also believes Bitcoin will soar past $40,000 in early 2024.
 “Short term think we see something like this for BTC.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" loading="lazy" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F9yEO7QX0AA8lzw?format=jpg&amp;name=medium" alt="Image" width="1199" height="756">
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 Source: Pentoshi/X
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 Bitcoin is trading for $35,304 at time of writing.
 Lastly, the trader says that Ethereum (ETH) is setting the stage for a big move to the upside after crossing a key level at $1,821.
 “ETH building into a breakout imo (in my opinion). Slowly grinding up, expecting momentum to pick up.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" loading="lazy" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F9zyTVxW8AAE_G6?format=jpg&amp;name=medium" alt="Image" width="1200" height="749">
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 Source: Pentoshi/X
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 Ethereum is trading for $1,845 at time of writing.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-trader-updates-outlook-on-ai-focused-altcoin-that-s-exploded-307-year-to-date-unveils-targets-for-solana-tbt68798.html">https://thebittimes.com/top-trader-updates-outlook-on-ai-focused-altcoin-that-s-exploded-307-year-to-date-unveils-targets-for-solana-tbt68798.html</a>

Top Trader Updates Outlook on AI-Focused Altcoin That’s Exploded 307% Year-to-Date, Unveils Targets for Solana

TheBitTimes

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