Crypto strategist Altcoin Sherpa has made some bold predictions for the future of two altcoins in the artificial intelligence (AI) subsector. With over 215,000 followers on social media platform X, Altcoin Sherpa is closely watched by traders looking for timely calls on the market.
Altcoin Sherpa believes that Render (RNDR), a project related to Graphics Processing Units (GPUs), could see more downside price action before experiencing a bullish reversal. He suggests that traders buy RNDR from its current price down to $6, with the potential for a bounce back from the 0.618 Fibonacci level.
Another altcoin on Altcoin Sherpa’s radar is Bittensor (TAO), a decentralized blockchain platform focusing on machine learning and AI. Altcoin Sherpa predicts that TAO could drop to the 0.50 Fibonacci level to find support, especially after a recent sell-off following a Binance listing announcement.
Lastly, Altcoin Sherpa warns traders about the interoperability protocol Prom (PROM), stating that a failure to hold its range support at around $9.45 could lead to a significant sell-off event. Despite breaking below the range low, Altcoin Sherpa is still holding onto PROM, hoping for a bounce back within the range.
With these predictions in mind, traders in the crypto market will be closely watching the price action of RNDR, TAO, and PROM in the coming days. Stay tuned for more updates on these AI altcoins as the market continues to evolve.
