In style crypto analyst Altcoin Sherpa says that one red-hot synthetic intelligence (AI)-related memecoin continues to indicate market power after a large surge.
The pseudonymous dealer tells his 233,000 followers on the social media platform X that Act I: The AI Prophecy (ACT) is wanting sturdy on the four-hour chart.
Based on the dealer’s chart, ACT has damaged by the .382 Fibonacci retracement stage at $0.59 and continues to carry it as assist at time of writing.
“ACT is shifting extraordinarily properly, big transfer from some Elon [Musk] interplay. The technical evaluation on it was truly very stable as properly, although, because it constructed a base (didn’t fairly go to $0.36 like I needed). Large strikes for all of those AI cash [November 29th], let’s see what occurs.”
ACT is buying and selling for $0.64 at time of writing, up greater than 4,800% from its low of $0.0130 on November fifth. The Solana (SOL)-based memecoin has a market cap of $616.8 million.
Subsequent up, the analyst suggests that Solana could commerce sideways for a lot of months between the $259 and $210 vary on the weekly timeframe earlier than doubtlessly breaking out in late 2025.
“SOL between $200-$250 for my part. Good time to build up.”
Solana is buying and selling for $244 at time of writing, up 3.5% within the final 24 hours.
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