Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

BTC Withdrawal Cost Basis Signals Market Optimism

May 21, 2025

SEC Chair Outlines Key Priority to Develop Rational Crypto Framework

May 21, 2025

Strive targets 75,000 Bitcoin from Mt. Gox claims to build Bitcoin treasury

May 21, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    BTC Withdrawal Cost Basis Signals Market Optimism

    May 21, 2025

    SEC Chair Outlines Key Priority to Develop Rational Crypto Framework

    May 21, 2025

    Strive targets 75,000 Bitcoin from Mt. Gox claims to build Bitcoin treasury

    May 21, 2025

    Trader Warns Bitcoin (BTC) Flashing Bearish Reversal Signal, Says Gold Gathering Steam for Next Leg Up

    May 21, 2025

    Strive targets 75,000 Bitcoin from Mt. Gox claims to build Bitcoin treasury

    May 21, 2025

    Bitcoin open interest hits record high as bulls stampede toward new BTC price highs

    May 20, 2025

    Robinhood Presses SEC for Clarity on Tokenizing RWAs in Bid for On-Chain Stock Trading: Report

    May 20, 2025

    Bitcoin ready to ‘vaporize’ shorts once price discovery above $110K begins

    May 20, 2025

    Ethereum price gained 90% the last time this indicator turned bullish

    May 20, 2025

    Whale Holding $2,190,000,000 in Bitcoin Withdraws More BTC From Binance in Accumulation Spree: Lookonchain

    May 20, 2025

    Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

    May 19, 2025

    Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims

    May 19, 2025

    Quantum Biopharma adds to crypto holdings

    May 19, 2025

    Crypto.com, Canary launch CRO fund in US

    May 19, 2025

    Community sales are the future of crypto fundraising

    May 19, 2025

    Trader Predicts Ethereum Rally to All-Time Highs, Expects Bullish Continuation for Chainlink and One Solana Rival

    May 19, 2025

    BTC Withdrawal Cost Basis Signals Market Optimism

    May 21, 2025

    SEC Chair Outlines Key Priority to Develop Rational Crypto Framework

    May 21, 2025

    Strive targets 75,000 Bitcoin from Mt. Gox claims to build Bitcoin treasury

    May 21, 2025

    Trader Warns Bitcoin (BTC) Flashing Bearish Reversal Signal, Says Gold Gathering Steam for Next Leg Up

    May 21, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    SHOCKING Things Happening w/ Bitcoin Behind the Scenes (DON'T MISS)

    May 20, 2025

    Ripple vs. Coinbase: Circle Bidding War! Who Wins & Why It Matters?

    May 20, 2025

    Microstrategy SUED For LYING About Bitcoin

    May 20, 2025

    Crypto Is Making People Targets—And You Might Be Next

    May 20, 2025

    $110,000 BITCOIN By Friday?! This Chart Says GO! (XRP BUYING CIRCLE?)

    May 20, 2025
ApeWatcher News
Home » Analyst Predicts Corrections for Two AI Altcoins, Says One Low-Cap Coin in Danger of Significant Pullback
Analyst Predicts Corrections for Two AI Altcoins, Says One Low-Cap Coin in Danger of Significant Pullback
News

Analyst Predicts Corrections for Two AI Altcoins, Says One Low-Cap Coin in Danger of Significant Pullback

The Daily HodlBy The Daily HodlApril 22, 20240 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

A closely followed crypto strategist known for his timely altcoin calls believes two coins in the artificial intelligence (AI) subsector are going to see more downside price action.

Pseudonymous analyst Altcoin Sherpa tells his 215,200 followers on the social media platform X that Render (RNDR), a project related to Graphics Processing Units (GPUs), could revisit the 0.618 Fibonacci level before witnessing a bullish reversal.

“RNDR: these times are great during bull markets; you get a chance to scale into great projects at key levels. Buy from here down to $6 and feel very confident about it.”

Traders use Fibonacci retracement levels to identify potential support and resistance areas. At time of writing, RNDR is worth $9.06.

Another altcoin on the trader’s list is Bittensor (TAO), a decentralized blockchain platform that focuses on machine learning and AI. According to Altcoin Sherpa, he sees TAO dropping to 0.50 Fibonacci level to find some support.

“TAO: Binance listing was a sell-the-news event (obviously). Expecting price to go lower around $400-ish, 0.50 Fibonacci level and 200-day exponential moving average.

Still, price already reacted around that level, so would really like to see that area hold. Heavy volatility there will make me think that $320 is next if $400 can’t hold.”

Image

Last week, Binance announced that it was rolling out trading services for TAO. At time of writing, TAO is worth $479.76.

The last altcoin on his radar is the interoperability protocol Prom (PROM). Altcoin Sherpa says that PROM will likely see a big sell-off event if it fails to hold its range support at around $9.45.

“PROM: broke below range low but did tag the 200-day exponential moving average. Generally speaking, it’s an area of interest and I’d like to see this trade back within the range.

Close below = I think this one pulls back significantly but I’m still holding.”

Image

At time of writing, PROM is worth $11.07.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Generated Image: Midjourney



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BTC Withdrawal Cost Basis Signals Market Optimism

May 21, 2025

SEC Chair Outlines Key Priority to Develop Rational Crypto Framework

May 21, 2025

Strive targets 75,000 Bitcoin from Mt. Gox claims to build Bitcoin treasury

May 21, 2025

Trader Warns Bitcoin (BTC) Flashing Bearish Reversal Signal, Says Gold Gathering Steam for Next Leg Up

May 21, 2025

SocGen’s Crypto Arm to Launch Dollar Denominated Stablecoin on Ethereum, Reports Say

May 21, 2025

KULR’s Bitcoin Strategy Yields 220%, Holdings Hit 800 BTC

May 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

BTC Withdrawal Cost Basis Signals Market Optimism

May 21, 2025

SEC Chair Outlines Key Priority to Develop Rational Crypto Framework

May 21, 2025

Strive targets 75,000 Bitcoin from Mt. Gox claims to build Bitcoin treasury

May 21, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.