Crypto Strategist Sees Solana-Based Memecoin Surging Higher, Says One AI Altcoin Flashing Strong Chart
A Crypto Analyst Predicts Market Recovery for Meme Token on Solana
A well-known crypto analyst, known as Altcoin Sherpa, has recently shared his bullish outlook on a meme token operating on Solana (SOL), indicating that it might be on the verge of a market recovery.
Altcoin Sherpa, who has a following of 243,800 on X, expressed his optimism about Bonk (BONK), a memecoin, by sharing a chart that suggests potential resistance at $0.000012 before a bullish higher low setup and a rally towards a target above $0.0000145.
According to Altcoin Sherpa, “BONK is looking strong in the short term and should see an upward movement. While there might be a pullback around the 200 EMA on the four-hour chart, buying at the current levels seems reasonable.”
As of now, BONK is valued at $0.00001376.
Altcoin Sherpa also shared insights on Alchemist AI (ALCH), a low-cap altcoin, stating that it appears to be in an uptrend and that he is looking for opportunities to accumulate the asset during potential dips.
ALCH is an AI-based crypto project that enables users without coding skills to generate codes through natural language descriptions.
Altcoin Sherpa mentioned, “ALCH seems to have a strong chart and has the potential to become a volatile asset. I see it as a promising investment and will consider buying during dips.”
At present, ALCH ranks 431st in terms of market cap and is trading at $0.109.
When it comes to Bitcoin, Altcoin Sherpa believes that BTC will continue to consolidate within a wide trading range in the short to mid-term.
Altcoin Sherpa stated, “I anticipate some consolidation between $70,000-$90,000 for BTC in the coming weeks. While we may have reached a relative bottom, there could still be further consolidation ahead.”
Currently, Bitcoin is trading at $85,366.
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