Sherpa

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 <p>A closely followed crypto strategist is predicting an explosive rally later this year for one Ethereum (ETH) competitor.</p>
 <p>Pseudonymous analyst Altcoin Sherpa tells his 215,500 followers on the social media platform X that Solana (SOL) could soar 267% from its current value.</p>
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 <p><em>“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).”</em></p>
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    <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMG62yYXEAA_Mas?format=png&amp;name=medium" alt="Image" width="1200" height="707">
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      Source: Altcoin Sherpa/X
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 <p>Looking at the trader’s chart, the key Fibonacci levels he is watching closely for a possible retest are $138 and $116.</p>
 <p>Solana is trading for $136 at time of writing, down 5.54% in the last 24 hours.</p>
 <p>Next up, the trader predicts that two artificial intelligence (AI)-related projects, Fetch.ai (FET) and Render (RNDR), could retrace to lower Fibonacci levels in the near term before going on big rallies.</p>
 <p><em>“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.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMG18oaWIAALP4t?format=png&amp;name=large" alt="Image" width="1345" height="792">
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   Source: Altcoin Sherpa/X
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 <p>Looking at his chart, the trader suggests FET may dip to as low as $1.45.</p>
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   Source: Altcoin Sherpa/X
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 <p>Looking at his chart, the trader believes RNDR may dip to around the 200-day exponential moving average (EMA) at about $6.</p>
 <p>FET is trading for $2.11 at time of writing, down more than 7% in the last 24 hours. Meanwhile, RNDR is trading for $7.95 at time of writing, down more than 7% as well.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-predicts-one-blue-chip-altcoin-will-explode-260-this-year-updates-outlook-on-fetch-ai-and-render-tbt86761.html">https://thebittimes.com/trader-predicts-one-blue-chip-altcoin-will-explode-260-this-year-updates-outlook-on-fetch-ai-and-render-tbt86761.html</a></p>

Trader Predicts One Blue-Chip Altcoin Will Explode 260%+ This Year, Updates Outlook on Fetch.ai and Render

TheBitTimes

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