Standard crypto analyst Altcoin Sherpa says that one red-hot artificial intelligence (AI)-related memecoin continues to cowl market energy after a extensive surge.
The pseudonymous trader tells his 233,000 followers on the social media platform X that Act I: The AI Prophecy (ACT) is taking a see exact on the four-hour chart.
In step with the trader’s chart, ACT has broken thru the .382 Fibonacci retracement degree at $0.59 and continues to shield it as help at time of writing.
“ACT is challenging extremely properly, big switch from some Elon [Musk] interplay. The technical prognosis on it became with out a doubt very solid as properly, though, because it constructed a contaminated (didn’t barely slip to $0.36 look after I wished). Mammoth strikes for all of these AI money [November 29th], let’s peek what occurs.”
ACT is trading for $0.64 at time of writing, up higher than 4,800% from its low of $0.0130 on November 5th. The Solana (SOL)-based totally mostly memecoin has a market cap of $616.8 million.
Subsequent up, the analyst suggests that Solana could well simply alternate sideways for many months between the $259 and $210 fluctuate on the weekly timeframe earlier than doubtlessly breaking out in unhurried 2025.
“SOL between $200-$250 in my look. Factual time to amass.”
Solana is trading for $244 at time of writing, up 3.5% within the final 24 hours.
Generated Report: Midjourney
