Analyst Says AI Altcoin That’s Up 4,000%+ in a Month Moving Extremely Well, Outlines Path Forward for Solana

Fashionable crypto analyst Altcoin Sherpa says a red-hot synthetic intelligence (AI)-related memecoin continues to indicate market energy after an enormous surge.

The pseudonymous dealer tells his 233,000 followers on the social media platform

In keeping with the dealer’s chart, ACT has damaged the .382 Fibonacci retracement degree at $0.59 and stays as assist on the time of writing.

“ACT is shifting extraordinarily effectively, an enormous transfer by some Elon [Musk] interplay. Nonetheless, its technical evaluation was additionally very stable because it constructed a base (it did not go all the way in which to $0.36 as I needed). Large strikes for all these AI cash [November 29th]let’s examine what occurs.”

ACT is buying and selling at $0.64 on the time of writing, up over 4,800% from the low of $0.0130 on November 5. The Solana (SOL)-based memecoin has a market cap of $616.8 million.

Then the analyst suggests that Solana might commerce sideways between $259 and $210 on the weekly timeframe for a lot of months earlier than probably breaking out in late 2025.

“SOL between $200 and $250 in my view. time to assemble.”

Solana is buying and selling at $244 on the time of writing, up 3.5% within the final 24 hours.

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