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A popular crypto currency analyst has identified critical entry points for a trio of AI altcoins. The analyst, known by the pseudonym Altcoin Sherpa, encouraged followers on social media platforms to pay attention to Fetch.ai (FET), Worldcoin (WLD), and Bittensor (TAO).
Critical Levels in AI Projects
A leading crypto currency market analyst has drawn attention to AI projects that have gained significant popularity recently, pointing out critical levels for price movements. The senior analyst stated the following in his remarks:
Considering how hard some have gone, I see the 0.236 fib and 0.382 fib areas as good starting points. Don’t go all-in on any entry, avoid FOMO. A pullback is likely coming soon. These are more for trading than investing. For investments, you want to continue and scale, then hold/swing for a while. I wouldn’t be surprised to see a slight pullback or consolidation soon. If you see some fluctuation at these high levels over a few days, that would be quite good.
WLD Technical Analysis
Investors use Fibonacci extensions in technical analysis to predict profit targets and price retractions. Fetch.ai, a decentralized AI platform for applications, was trading at $1.06 at the time of writing. The potential entry points for the token according to Altcoin Sherpa’s chart are $0.7669 and $0.6856.
The popular crypto project Worldcoin was trading at $6.72 at the time of writing. Altcoin Psycho’s chart for the token shows potential entry points at $6.618 and $5.764. The analyst also notes that investors should pay attention to volatility, high volume, and wicks in both directions. The expert stated the following:
This usually means that some sort of local or larger peak is here. Leaders like TAO and WLD should be the first to watch. Everything will pull back when they start to retract. However, you should start thinking about your AI bags for this cycle.
