Solana

Bittensor

Sherpa

Chainlink

<div class="dailyhodl">
 <p>A closely followed crypto strategist believes that one artificial intelligence (AI) related altcoin project could still move higher even after already seeing heavy gains.</p>
 <p>Pseudonymous analyst Altcoin Sherpa tells his 206,900 followers on the social media platform X that Bittensor (TAO), a decentralized blockchain platform that focuses on machine learning and AI, could soar more than 33% from its current value.</p>
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 <p><em>“TAO: I remember buying this at $120 and then selling it quickly. Pain. Still very bullish on this one and $600 is the next area up if this current level gets broken. That $220 .50 [Fibonacci] area was a great entry. Woulda coulda shoulda.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GFp5TMFWUAAV0D1?format=jpg&amp;name=4096x4096" alt="GFp5TMFWUAAV0D1" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Altcoin Sherpa/X
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 <p>TAO is trading for $450.89 at time of writing, a staggering 880% rally since it was trading for around $46 on October 16th.</p>
 <p>Next up, the trader says he remains bullish on Ethereum (ETH) competitor Solana (SOL). However, he warns SOL may retest Fibonacci retracement levels at $84.67 or $71.81.</p>
 <p><em>“SOL: slow grind down. I don’t have an opinion on where this goes in the short/mid term. I still think it’s going to do pretty well in 2024 and I’m just holding my stack, but I think that lower prices are probably coming. $70-$85 would be a decent price to accumulate.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GFptRvVW0AA3oEE?format=jpg&amp;name=4096x4096" alt="GFptRvVW0AA3oEE" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Altcoin Sherpa/X
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 <p>SOL is trading for $101.11 at time of writing, up more than 4% in the last 24 hours.</p>
 <p>Lastly, the trader says he is also bullish on blockchain oracle provider Chainlink (LINK), and he predicts the token will soon flip a key resistance level at $18.70 into support.</p>
 <p><em>“LINK is still at resistance but I think it eventually goes decently higher in the midterm after that long consolidation.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GFp4iAvXsAE9U10?format=jpg&amp;name=4096x4096" alt="GFp4iAvXsAE9U10" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Altcoin Sherpa/X
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 </figure>
 <p>LINK is trading for $19 at time of writing, up nearly 4% in the last 4 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-updates-outlook-on-altcoin-that-s-exploded-900-in-less-than-four-months-issues-warning-on-solana-tbt79301.html">https://thebittimes.com/trader-updates-outlook-on-altcoin-that-s-exploded-900-in-less-than-four-months-issues-warning-on-solana-tbt79301.html</a></p>

Trader Updates Outlook on Altcoin That’s Exploded 900% in Less Than Four Months, Issues Warning on Solana

TheBitTimes

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