It is now the eve of the altcoin rally, bottom-fishing for 3 coins! Lock in 300 times profit in advance! Which coin is it, and why?
ICP
The Internet Computer Protocol (ICP) is a revolutionary blockchain designed to power decentralized applications (dApps) at internet scale. The native cryptocurrency ICP is currently trading at $11.13, maintaining a recent support level of $9.76. Daily chart analysis shows that the ICP price has formed a classic reversal pattern known as a 'cup and handle'.
The candlestick chart setup shows a long-term accumulation phase shaped like a bowl and a temporary pullback shaped like a handle. If true, this pattern should lead to an 80% rise in the altcoin before challenging the neckline resistance at $15.65.
TAO
Bittensor is an innovative blockchain protocol focused on creating a decentralized artificial intelligence network. The native cryptocurrency TAO is currently trading at $484, with an intraday decline of 9%. Although this significant drop occurred after Bitcoin fell below $100,000, the price of TAO suggests it will continue to consolidate for up to a year.
On the daily chart, the altcoin has been resonating between two levels, $195 and $743. If the broader market supports it, the Bittensor token may break through the resistance level at $543, marking a major trend.
FET
The Artificial Superintelligence Alliance represents a significant collaboration between Fetch.ai, SingularityNET, and Ocean Protocol, aimed at creating the largest open-source, decentralized AI research and development platform. Over the past ten months, the token price has been resonating within two converging trend lines, indicating the formation of a symmetrical triangle pattern.
In general, candlestick chart patterns will temporarily consolidate sideways and then continue the current trend with new bullish momentum. Under the influence of this pattern, if the upper trend line is broken, the FET price could rise by 40%, leading to a significant breakout.
