Renowned crypto analyst ALTCOIN SHERPA has shared optimistic insights on several digital assets, including the Solana-based memecoin BONK and the AI-driven project ALCHEMIST AI (ALCH). The pseudonymous analyst, who boasts a following of 243,800 on social media platform X, believes these tokens are poised for significant movements in the near term.
In a recent analysis, ALTCOIN SHERPA highlighted that BONK is showing strong signs of recovery. He shared a chart indicating that the token could face resistance at the $0.000012 level before forming a bullish higher low setup and potentially rallying to $0.0000145. “BONK is looking strong in the short term and should go higher. A pullback around the 200 EMA (exponential moving average) on the four-hour chart is expected, but buying at current levels seems reasonable,” he stated. At the time of writing, BONK is trading at $0.00001376.
Turning his attention to the low-cap altcoin ALCHEMIST AI (ALCH), ALTCOIN SHERPA noted that the project appears to be in an uptrend. ALCH, an AI-based crypto platform that enables users to generate code using natural language descriptions, has caught the analyst’s interest. “ALCH still seems like a really strong chart, though it’s not being mentioned much. It’s taken the place of ARC as a highly volatile AI coin. I’ll look to buy dips,” he explained. Currently, ALCH is ranked as the 431st-largest crypto asset by market cap, trading at $0.109.
Regarding Bitcoin, ALTCOIN SHERPA predicts that the leading cryptocurrency will continue to consolidate within a broad trading range in the short to mid-term. “I expect some choppiness between $70,000 and $90,000 over the next several weeks for BTC. The relative bottom is likely in, but consolidation is still ongoing,” he said. At the time of writing, Bitcoin is valued at $85,366.
For more updates, follow ALTCOIN SHERPA on X.
Sources: BONK Analysis, ALCH Analysis, Bitcoin Analysis