Altcoin Sherpa, a prominent trader with a large following, recently shared insights on an AI-focused crypto asset that is poised to offer opportunities for bullish investors. According to Altcoin Sherpa, ZEREBRO, a platform that uses AI to autonomously create and distribute content across various channels, is expected to see entry points around the $0.40 range.
Despite a recent correction, Altcoin Sherpa remains optimistic about the future prospects of ZEREBRO, describing it as a “very strong” contender in the market. The trader believes that the resistance level at $0.50 may lead to a pullback towards the low $0.60s, but still sees potential for growth. With ZEREBRO currently trading at $0.54, showing a 38% increase in the last 24 hours, Altcoin Sherpa suggests that the $0.40ish area could be a favorable entry point for interested investors.
In addition to ZEREBRO, Altcoin Sherpa also expressed bullish sentiment towards Hyperliquid (HYPE), a decentralized perpetuals exchange. The trader advises those looking to go long on HYPE to consider accumulating at current prices, with a potential target surpassing the $50 level. Altcoin Sherpa recommends dollar-cost averaging between $30-25 for HYPE and keeping funds aside for potential lower buy-ins, particularly if the price drops to the low $20s. With HYPE trading at $0.26 at the time of writing, Altcoin Sherpa predicts a potential rise to $50+ before the end of the cycle.
Turning attention to the memecoin sector, Altcoin Sherpa mentions popular memes like MOODENG, CHILLGUY, and PNUT, cautioning that these assets could either see significant gains from current levels or experience a decline. Investors are advised to stay informed and monitor price action closely.
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