A popular crypto strategist who is known for making accurate predictions about altcoins believes that two coins in the artificial intelligence (AI) subsector will experience a decline in price. The analyst, known as Altcoin Sherpa, shared his insights with his large following on the social media platform X.

Altcoin Sherpa first discussed Render (RNDR), a project related to Graphics Processing Units (GPUs). He stated that RNDR could drop to the 0.618 Fibonacci level before experiencing a bullish reversal. The analyst advised his followers to buy RNDR at its current price, which is below $6, and expressed confidence in its potential.

Altcoin Sherpa also mentioned Bittensor (TAO), a decentralized blockchain platform focused on machine learning and AI. He predicted that TAO would decline to the 0.50 Fibonacci level to find support. The analyst pointed out that TAO had already reacted in that area, so it would be important for it to hold. If TAO fails to hold, Altcoin Sherpa expects its price to drop to around $320.

Lastly, Altcoin Sherpa discussed the interoperability protocol Prom (PROM). The analyst suggested that PROM could experience a significant sell-off if it fails to maintain its support level around $9.45. Altcoin Sherpa mentioned that PROM had broken below its range low but had touched the 200-day exponential moving average, which he considers an area of interest. He stated that if PROM closes below this level, he expects a significant pullback but will still hold onto the coin.

At the time of writing, RNDR is priced at $9.06, TAO is valued at $479.76, and PROM is worth $11.07.

Please note that the opinions expressed by Altcoin Sherpa are not investment advice. Investors should conduct their own research and exercise caution when investing in cryptocurrencies or digital assets. The Daily Hodl, where the information was sourced, is not recommending the buying or selling of any cryptocurrencies or digital assets.