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The closely followed crypto analyst and trader Altcoin Sherpa suggested that the rise in the smart contract protocol Avalanche (AVAX) is not yet over. Moreover, the analyst expects a rally in the AI-focused altcoin Fetch.ai (FET) as well. Here are the altcoins on the analyst’s list and the target levels provided.
Analyst Expects $55 and $60 for AVAX, $0.90 for FET
The anonymous crypto analyst Altcoin Sherpa told his followers on the social media platform X (formerly known as Twitter) that Avalanche is likely not done with its recovery yet. The analyst shared a chart showing AVAX breaking the $39 resistance on the weekly chart and added the following note:
I don’t know why AVAX has advanced so much, but it’s incredible to see it rise amid all the new Layer-1s/Layer-2s. AVAX has performed better than many shiny new chains during this period. In my opinion, $55 and $60 are next.
Following AVAX, Altcoin Sherpa looked at the decentralized machine learning network Fetch.ai and said that FET is also in an uptrend. According to the analyst, FET could see an increase of over 40% from current prices:
The current level of FET is interesting, but I still wouldn’t buy at these prices. To be honest, I’m still looking for my main AI investment for this cycle. I’ve bought many AI-focused altcoins for other bags and narratives, but I haven’t bought this one yet. Still, $0.90 seems likely in the medium term.
Altcoin Sherpa Puts Beam’s BEAMX on His Radar
The last altcoin on Altcoin Sherpa’s list is BEAMX, the native asset of the blockchain-based gaming network Beam. The analyst stated that he is waiting for BEAMX to drop a bit more before showing interest and used the following expressions:
BEAMX has made a nice pullback for those looking to join soon. I think Beam is generally a great index for Web3 games. I have a bag and will buy and hold this for a while. At this point, I think the $0.016 level is an important buying level for the altcoin. It corresponds to the 0.50 Fibonacci level.
