Solana

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Experienced crypto analyst and strategist Pentoshi has issued a warning of a decline for the artificial intelligence-focused altcoin project Fetch.<a href="https://newslinker.co/category/ai/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">AI</a> (FET), which has risen more than 307% since the beginning of the year and entered the consolidation phase, and Solana (SOL), which has also risen over 330% during the same period. The analyst also evaluated the recent performance of the largest cryptocurrency <a href="https://en.coin-turk.com/bitcoin-price-decreases-as-a-result-of-the-conflict-between-israel-and-hamas/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.coin-turk.com/analysts-bitcoin-commentary-btc-selling-pressure-could-increase/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) and stated that the upward trend will continue.
<h2 style="text-align: justify" id="strong-warning-of-decline-for-sol-and-fet-strong">Warning of Decline for SOL and FET</h2>
Anonymous crypto analyst Pentoshi stated that the local asset of the artificial intelligence-focused altcoin project Fetch.AI, FET, seems to be consolidating after rising up to 307% since the beginning of the year. In the evaluation made for FET, the analyst said, “The medium-term resistance price held. If there is no more significant development, I predict that FET will consolidate for about a week and then continue its upward trend. It has made a very strong move so far, so profit-taking and turnover of coins will occur.”
<img decoding="async" class="aligncenter size-full wp-image-272849" src="https://coin-turk.com/wp-content/uploads/2023/11/FET-Altcoin-Yapay-Zeka.jpeg" alt="" width="2047" height="1308">
Starting the year at $0.0922, FET reached $0.3909, seeing its highest level in 2023, and has since pulled back and is currently trading at $0.3537.
Looking at Solana (SOL) right after FET, Pentoshi expects the popular altcoin to pull back to the $32 level before moving higher:
<blockquote>
 SOL is trying to break above the range and will likely refuel at the $32 level in the middle range in the coming weeks.
</blockquote>
<img decoding="async" class="aligncenter size-full wp-image-272850" src="https://coin-turk.com/wp-content/uploads/2023/11/Altcoin-Solana-SOL.jpeg" alt="" width="2047" height="1289">
<h2 style="text-align: justify" id="strong-bitcoin-expected-to-reach-37-000-by-the-end-of-the-year-strong">Bitcoin Expected to Reach $37,000 by the End of the Year</h2>
Pentoshi also shared his expectations for Bitcoin. The analyst predicted that the largest cryptocurrency will reach $37,000 before pulling back to $33,000 by the end of the year. The analyst also added that Bitcoin will surpass $40,000 in early 2024.
<img decoding="async" class="aligncenter size-full wp-image-272851" src="https://coin-turk.com/wp-content/uploads/2023/11/BTC-Bitcoin-Kripto-Para.jpeg" alt="" width="2048" height="1291">
With the latest data, BTC is trading at $34,829 with a 0.52% increase in the last 24 hours. The highest level of BTC today was recorded at $35,919. Continue Reading: <a href="https://en.coin-turk.com/experienced-analyst-pentoshi-warns-of-decline-for-sol-and-fet/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/experienced-analyst-pentoshi-warns-of-decline-for-sol-and-fet/</a>

Experienced Analyst Pentoshi Warns of Decline for SOL and FET

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