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Famous crypto analyst Altcoin Sherpa pointed out that the AI-related memecoin, Act I: The AI Prophecy (ACT), continues to maintain its market strength. In a statement to his 233,000 followers on social media platform X, he expressed that ACT has demonstrated strong performance on its four-hour chart.
ACT Memecoin’s Rise
According to Sherpa’s chart, ACT has surpassed the 0.382 Fibonacci retracement level at $0.59 and continues to hold it as support. Currently trading at $0.64, ACT has seen an increase of over 4,800% since hitting a low of $0.0130 on November 5. This Solana 
$176-based memecoin has a market capitalization of $616.8 million.
Sherpa noted that ACT experienced significant volatility following interactions with Elon Musk, and its technical analysis appears solid. He remarked, “ACT is performing exceptionally well. There was considerable movement due to some Elon [Musk] interactions. The technical analysis was also quite strong; it established a base (as I wished, it didn’t fall to $0.36). There are big movements for all these AI coins [on November 29], we will see what happens.”
Future Expectations for Solana
The analyst predicts that Solana will oscillate between the $259 and $210 levels on a weekly timeframe, remaining in this range for many months before a potential breakout at the end of 2025. Sherpa stated, “I expect Solana to move between $200-$250. It’s a good time to accumulate.”
Currently, Solana is priced at $244, having increased by 3.5% in the last 24 hours. This supports the analyst’s view that there may be long-term stability for Solana.
Altcoin Sherpa’s assessments provide significant insights for investors regarding the future movements of AI-driven memecoins and Solana. Investors can consider these analyses to evaluate opportunities in the market.
