- Fetch.ai (FET) has gained 1.6% recently, trading at $1.11 with a market cap of $2.807 billion. The token is also gearing for a breakout towards $1.70.
- The Dogwifhat (WIF) price rally is also due to substantial whale activity, with one whale acquiring $13.59 million in tokens.
Two altcoins that are recently in the limelight and on the radar of crypto traders are Fetch.ai (FET) and Dogwifhat (WIF). Both these altcoins have witnessed a solid surge on the daily charts.
In a recent update, popular crypto analyst Altcoin Sherpa told his followers on the X platform that he’s started accumulating the Artificial Superintelligence Alliance (FET) coins. As of press time, the FET price is up 1.6% trading at $1.11 with a market cap of $2.807 billion. The chart from the traders showed that FET might have attained a bottom at $1.10 and could be gearing up for a breakout all the way to $1.70. Altcoin Sherpa noted:
FET: underwater on these first entries; going to cut it if it loses the 200 exponential moving average on the four hour. Have more entries lower and will wait. Still think the chart looks decent on lower time frames but I also recognize we’re in a bullish trend on the one day. Lose $1.10 and I’m out.
The Artificial Superintelligence Alliance (FET) token has already been up by 14% over the past month and is likely to rally to its ATH of $4.20, per the CNF report. If the FET price manages to break past the resistance of $1.65, it could drive Fetch.ai (FET) towards $2.09, representing a potential growth of around 50%. The RSI stands at 58.30, indicating moderate strength and suggesting that Fetch.ai (FET) may be on the verge of a bullish rally.
Dogwifhat (WIF) Leads the Meme Coin Rally
Solana-based memecoin Dogwifhat (WIF) is currently leading the rally in the altcoins space. In the last 24 hours, the WIF price surged by a staggering 12%, moving all the way to $1.618 with a market cap of $1.59 billion.
Following a recent price surge, the dog-themed meme coin Dogwifhat (WIF) has climbed to 55th place by market cap. This increase is further driven by significant whale activity, with one whale accumulating over 9.57 million WIF tokens, valued at $13.59 million, in just four days, per the CNF report.
Another whale invested 1.4 million USDC to acquire 643,832 WIF tokens, making them the largest holder with a total of 28.66 million tokens. This trend reflects growing confidence in Dogwifhat’s potential rebound despite a 67% decline in value over the past year. However, Altcoin Sherpa doesn’t expect much action in the meme coin going ahead. He wrote:
WIF seems decent as a support region but I don’t think this one hits ATH (all-time high) anytime soon. Guessing we still see more chop and consolidation around this area. Best to be patient.
According to the trader’s chart, WIF will likely fluctuate between $1.40 and $2.20. As of now, WIF is trading at $1.48.
Additionally, Altcoin Sherpa is bullish on the Injective Protocol (INJ) and the Near Protocol (NEAR).
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