What's Going On With Solana, Popcat, AI Crypto Coins? Here's What Technical Analysis Says
Portfolio Pulse from Khyathi Dalal
Crypto trader Altcoin Sherpa analyzed Solana, Popcat, and AI-related crypto coins, suggesting their current lows may be good opportunities to accumulate. Sherpa has a short-term neutral stance on Solana, predicting $120-$150 as a good accumulation area. Popcat's key area is $0.41-0.46, and AI coins have a bearish market structure. Bittensor below $200 may be of interest.
August 13, 2024 | 5:39 pm
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NEGATIVE IMPACT
AI-related crypto coins have a bearish market structure. Bittensor below $200 may be of interest. The top three AI coins dropped 15% to 25% in the past 30 days.
AI-related crypto coins are experiencing a bearish market structure, with significant drops in the past 30 days. This suggests a negative short-term outlook.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Altcoin Sherpa highlighted that Popcat's key area is $0.41-0.46. If the price falls below this area, he would opt out of the trade. Nebraskangooner sees a break below as a reversal and a break above as a strong continuation.
Popcat's price action is uncertain, with key levels identified. A break below $0.41-0.46 could lead to a reversal, while a break above could continue price discovery.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Altcoin Sherpa has a short-term neutral stance on Solana, predicting $120-$150 as a good area to accumulate. Bitcoin influencer Nebraskangooner suggests Solana could surge if it holds its current support.
Both Altcoin Sherpa and Nebraskangooner provide positive outlooks for Solana, suggesting it could be a good accumulation point and may surge if support holds.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80