Analyst Says AI Altcoin That’s Up 4,000%+ in a Month Moving Extremely Well, Outlines Path Forward for Solana
Popular crypto analyst Altcoin Sherpa says that one red-hot artificial intelligence (AI)-related memecoin continues to show market strength after a massive surge.
The pseudonymous trader tells his 233,000 followers on the social media platform X that Act I: The AI Prophecy ( ACT ) is looking strong on the four-hour chart.
According to the trader’s chart, ACT has broken through the .382 Fibonacci retracement level at $0.59 and continues to hold it as support at time of writing.
“ACT is moving extremely well, huge move from some Elon [Musk] interaction. The technical analysis on it was actually very solid as well, though, as it built a base (didn’t quite go to $0.36 like I wanted). Big moves for all of these AI coins [November 29th], let’s see what happens.”
Source: Altcoin Sherpa/XACT is trading for $0.64 at time of writing, up more than 4,800% from its low of $0.0130 on November 5th. The Solana ( SOL )-based memecoin has a market cap of $616.8 million.
Next up, the analyst suggests that Solana may trade sideways for many months between the $259 and $210 range on the weekly timeframe before potentially breaking out in late 2025.
“SOL between $200-$250 in my opinion. Good time to accumulate.”
Source: Altcoin Sherpa/XSolana is trading for $244 at time of writing, up 3.5% in the last 24 hours.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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