A largely followed merchant issues a warning on altcoins in the cryptography sector of artificial intelligence (AI).
The pseudonym trader known as Bluntz said to his 312,000 subscribers on the X social media platform that the “big” cryptographic active ingredients linked to AI signal the possibility of an end of the short -term bullish trend.
According to the analyst who regularly applies the theory of Elliott Wave in his technical analysis, many altcoins linked to AI have returned from the top of the last wave of an upward trend that started months ago. Elliott’s wave theory stipulates that the main trend of an active price evolves according to a configuration in five waves while a correction occurs according to a configuration in three waves.
“In my opinion, the coming month will be a brutal alarm clock for the media threw on AI.”
According to Bluntz, Aixbt by Virtuals (AixBT), a virtual AI agent focused on the cryptography market, and Fartcoin (Fartcoin), a same that incorporates an AI frame in order to generate ideas and content, are “fairly clear” examples of crypto. Assets that are at the end of an upward trend that started months ago.
On which between Aixbt and Fartcoin will have the deepest correction, says Bluntz:
“In fact, I thought that Aixbt looked more down, but then all the holders of Fartcoin bags came out of wood and I realized that it was probably the one that spilled the most.”
AixBT is traded at $ 0.740 at the time of the editorial staff, down 21 % from the historic summit reached last week.
Fartcoin is negotiated at $ 1.54 at the time of the editorial staff, down 36 % from the historic summit reached last week.
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