A crypto analyst who foretold that the Bitcoin price would bottom in 2018 shared that he now expects bulls in low-volume AI coins on his radar.
Bitcoin predictor turns green on these AI coins
The AI coin market posted double-digit gains, accompanied by a rally in Nvidia’s stock. The Graph (GRT), Render token (RNDR), SingularityNET (AGIX), Ocean Protocol (OCEAN) were among the prominent projects of the last rally.
Smart Contracter, who is famous for his accurate Bitcoin predictions and is currently on Twitter under the name “Bluntz”, says that Graph (GRT) in particular is a big bull candidate. In his current analysis, he highlighted the similarities between the GRT chart and Bitcoin’s price movements from $17,000 to over $30,000 at the start of the year.
As the chart shows, GRT price is currently trading above an ascending channel (right). Bluntz predicts that GRT bulls will move towards the 0.135 region after this level.
According to their analysis, “GRT has risen above the ascending channel after moving slowly. The last time I saw this structure was the $17,000 BTC boom before it crossed $31,000. I love this formation. I’m bullish on GRT and I’m strong.”
Fetch.ai (FET)
The popular AI coin FET is another bull contender on Bluntz’s radar. The crypto analyst says that FET price started to trend bullish after approaching the 0.786 Fibonacci level.
FET is currently trading in the $0.2669 region. If Bluntz’s lair becomes real, that would mean more than 2x wins from current levels.
solid reaction down here on $FET daily chart.
The left curve ape in me is wondering if it can catch some of the hype in AI stocks. pic.twitter.com/4a2V6Jkd5C
— Bluntz (@Bluntz_Capital) May 27, 2023
Litecoin (LTC)
After AI Coins, Litecoin is on the analyst’s radar, which will complete its third halving cycle in August. According to Bluntz, Litecoin is preparing for $100 after holding the 0.618 Fibonacci level. According to their short-term prospects:
Nice response from 0.618 on LTC. I think the next stop is around the $100 resistance, we will reevaluate from there.
The accurate analyst finally evaluated the investor sentiment and the general situation in the market. According to him, many investors are currently waiting for ideal opportunities.
In a follow-up tweet, he said, “It’s interesting to see crypto on the decline for so long. “The conclusion I would draw from this is that a lot of people seem to have been thrown out,” he said.
interesting to see crypto up after such a long drawn out crab market/slowly down and so little enthusiasm on the timeline.
my takeaway form that is alot of people seem to be sidelined.
— Bluntz (@Bluntz_Capital) May 28, 2023
cryptocoin.com As we have mentioned, the institutional side, as much as individual investors, is abstaining from the latest developments in the market. Fund flow reports for the week showed that crypto investment products are once again booming. Bitcoin, in particular, was the focus of the week with $ 11 million outflow. According to the report of Coinshares, the altcoins that lost the most funds last week are as follows:
- Ethereum (ETH): -5.9 million dollars
- Solana (LEFT): -0.3 million dollars
