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The Daily Hodl 2025-01-02 01:00:23

Trader Warns Altcoin That’s Up 9,000%+ in Two Months Primed for a Pullback, Updates Outlook on Hyperliquid

Trader Warns Altcoin That’s Up 9,000%+ in Two Months Primed for a Pullback, Updates Outlook on Hyperliquid

Widely followed trader Altcoin Sherpa says that one artificial intelligence (AI)-focused crypto asset is about to present opportunities for bulls. Altcoin Sherpa tells his 236,000 followers on the social media platform X that ZEREBRO , which bills itself as an AI system that autonomously creates and distributes content onto various platforms, may allow entries in the $0.40 range. After a correction, the trader says that ZEREBRO will be “very strong” in the future. “$0.50 is still resistance and I expect some sort of pullback between here and low $0.60s but I still think this is going to be a very strong one going forward. I have a solid bag of this. Team is full of shippers I’d view the $0.40ish area as a decent entry.” Source: Altcoin Sherpa/X At time of writing, ZEREBRO is trading at $0.54, up 38% in the last 24 hours. Altcoin Sherpa is also bullish on decentralized perpetuals exchange Hyperliquid ( HYPE ). He says that those looking to position themselves long on HYPE can start to look at accumulating at current prices, with a potential target above the $50 level. “HYPE DCA (dollar cost average) between 30-25 and feel good about it. Also consider saving some $$ to buy lower in case it comes. low 20s would be a gift and I plan on adding plenty more if it comes. still think it goes to $50+ before cycle end.” Source: Altcoin Sherpa/X At time of writing, HYPE is trading for $0.26. With his eye on the memecoin sector, the trader says many of the big memes like MOODENG , CHILLGUY , or PNUT “all either send hard” from current prices or “fall off a cliff.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Warns Altcoin That’s Up 9,000%+ in Two Months Primed for a Pullback, Updates Outlook on Hyperliquid appeared first on The Daily Hodl .

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