A closely watched crypto strategist is predicting big upside bursts for two artificial intelligence (AI)-related altcoins, including Worldcoin (WLD).
Ali Martinez tells his 46,500 followers on social media platform
Filecoin’s decentralized network offers a cheaper alternative to data storage, making the crypto project attractive to AI companies looking to store large data sets.
According to Martinez, FIL can make gains of around 200% if it removes its immediate resistance.
“Filecoin trades within a parallel channel on the three-day chart. Beware of the resistance created by the channel’s upper limit, which is set at $8.50.
A successful breach of this barrier could significantly increase the price of FIL and potentially triple its value to $25.5!”
A parallel channel is a technical pattern that indicates that an asset is in a sideways consolidation phase while trading within a certain range. At the time of writing, FIL is trading at $7.60.
As for Worldcoin, Martinez thinks the native asset of the eye-scanning biometric crypto project co-founded by OpenAI CEO Sam Altman isn’t done collecting yet. According to the analyst, WLD could rise as much as 268% from current levels after the rising parallel channel is broken.
“Worldcoin appears to have broken out of a rising parallel channel on the daily chart, paving the way for a potential upward move. If this breakout holds, WLD could rise to $15 and possibly even expand to $26.”
A rising parallel channel is typically viewed as a bullish pattern because it indicates an asset is printing higher highs and higher lows.
At the time of writing, WLD is worth $6.79.
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Generated image: Midjourney