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Analyst Shares Analysis of FET, LDO, ETH

The crypto analyst, who is closely followed in the crypto money market, expects a rise in an artificial intelligence-focused altcoin. It also updates its analysis of Ethereum (ETH) and Lido DAO (LDO) in addition to this altcoin.

Using the name “Altcoin Sherpa”, the analyst shares his new assessment of Fetch.ai (FET) with 187,800 followers on Twitter. Fetch.ai (FET) is a project that brings together artificial intelligence and blockchain technology. According to the analyst, the price of this coin shows that it is strong over the 200-day exponential moving average (EMA). The analyst, who also expects the FET price to dip a little before breaking out, says:

“FET looks strong in the short term and is at its local top. The 200-day EMA appears to be a strong resistance. However, it wouldn’t be a surprise for me if this place was broken after some regression. Artificial intelligence rhetoric may still work here.”

The analyst is also looking at Ethereum. According to him, ETH price will likely test the EMA support. But he says his medium-term outlook remains uncertain. According to him, some pullback to the EMA could provide a good short-term entry point.

Finally, Altcoin Sherpa says that LDO may continue to be bullish. LDO recently broke the $1.41 resistance. For LDO, the analyst expects a 12% rise. In this case, the target will be the $1.70 level.

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