Flow

Jupiter

Chainlink

Artificial Superintelligence Alliance

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 <p>A widely followed crypto analyst believes that one artificial intelligence (AI) altcoin project is gearing up for a move to the upside.</p>
 <p>The analyst pseudonymously known as The Flow Horse tells his 199,800 followers on the social media platform X that the decentralized artificial intelligence platform for applications Fetch.ai (FET) appears ready to rally based on increasing open interest (OI) and trading volume.</p>
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 <p>OI is a metric that tracks the amount of a crypto asset’s open leveraged long and short positions.</p>
 <p>According to the analyst, FET bulls are aggressively taking on the supply coming into the market using leveraged long positions.</p>
 <p><em>“FET might be a decent bounce from here. OI up on seller absorption, high volume into January lows with a pretty skewed bid/ask.”</em></p>
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   Source: The Flow Horse/X
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 <p>Looking at his chart, FET is on the verge of possibly flipping the $0.56 level into support.</p>
 <p>FET is trading for $0.566 at time of writing, up more than 4% in the last 24 hours.</p>
 <p>Next up, the trader suggests that Bitcoin’s (BTC) halving event in April may be more bullish than prior events because now BlackRock, the financial giant with about $9 trillion in assets under management (AUM), will likely market it around their recently launched spot BTC exchange-traded fund (ETF).</p>
 <p><em>“This Bitcoin halving is different from any other because it is the first time a trillion dollar asset manager will be marketing it.” </em></p>
 <p>Bitcoin is trading for $43,167 at time of writing, up slightly in the last 24 hours.</p>
 <p>Next on deck, the trader says that the decentralized oracle provider Chainlink (LINK) appears to remain in an uptrend as the token runs up against the $18 resistance level.</p>
 <p><em>“Impressive continuation type move. I think I closed my LINK bag too early.”</em></p>
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      Source: The Flow Horse/X
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 <p>LINK is trading for $17.83 at time of writing, down slightly in the last 24 hours.</p>
 <p>Lastly, the trader is turning bullish on the Solana-based decentralized exchange (DEX) aggregator Jupiter (JUP).</p>
 <p><em>“Starting to a buy a little JUP. Mindshare is high and I think negativity off the airdrop mechanics ends up creating an imbalanced auction. Airdrop plays in the short term are pretty predictable…</em></p>
 <p><em>VWAP (volume-weighted average price) is your friend especially in newly just listed alts. JUP VWAP is already anchored from a catalyst which makes it very useful. Regardless of what happens long term, you know this is going to offer a really good long setup soon.”</em></p>
 <p>Traders use the VWAP to help them determine whether an asset is trading underbought or overbought based on its intraday price action.</p>
 <p>Jupiter is trading for $0.579 at time of writing, down more than 3% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-crypto-analyst-predicts-decent-bounce-for-ai-altcoin-updates-outlook-on-bitcoin-chainlink-and-jupiter-tbt78764.html">https://thebittimes.com/top-crypto-analyst-predicts-decent-bounce-for-ai-altcoin-updates-outlook-on-bitcoin-chainlink-and-jupiter-tbt78764.html</a></p>

Top Crypto Analyst Predicts ‘Decent Bounce’ for AI Altcoin, Updates Outlook on Bitcoin, Chainlink and Jupiter

TheBitTimes

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