Renowned crypto analyst Altcoin Sherpa has predicted that the smart contract protocol Avalanche (AVAX) has not yet finished its upward trajectory. He is also anticipating a rally for the AI-focused altcoin Fetch.ai (FET). The analyst provided target levels for these altcoins based on his analysis.
On his social media account, Altcoin Sherpa suggested that Avalanche might not be done rallying, sharing a chart that indicated AVAX broke through the $39 resistance on the weekly graph. He expressed amazement at AVAX’s performance amidst new Layer-1 and Layer-2 projects, hinting at potential targets of $55 and $60.
Turning his attention to Fetch.ai, Altcoin Sherpa noted that FET is on an upward trend and could see over a 40% increase from its current price. However, he mentioned he wouldn’t buy at the current levels as he is still searching for his main AI investment for this cycle, although he has acquired several AI-focused altcoins for other portfolios.
The last altcoin on Altcoin Sherpa’s radar is BEAMX, the native asset of the blockchain-based gaming network Beam. The analyst is waiting for a further drop in BEAMX price before considering an investment. He views Beam as an excellent index for Web3 games and plans to hold BEAMX for some time, identifying $0.016 as a significant buying level corresponding to the 0.50 Fibonacci level.
Altcoin Sherpa’s analysis has caught the attention of the crypto community, as he highlights the potential for growth in AVAX, FET, and BEAMX. His predictions are based on technical analysis and market trends, providing insights for investors looking to navigate the volatile crypto market.