Altcoin Sherpa, a well-known crypto strategist, is making a bold prediction about the future of Solana (SOL), stating that it could experience a massive rally later this year. In a message to his 215,500 followers on X, Altcoin Sherpa suggests that SOL could potentially surge by 267% from its current value.

Altcoin Sherpa believes that investing in SOL is a wise decision, stating, “Averaging into SOL is never a bad idea in my opinion. I think this goes to $500+ later this year. Anywhere from $130-$110 would be a gift (not quite expecting that yet).”

Examining the trader’s chart, it becomes clear that Altcoin Sherpa is closely monitoring the key Fibonacci levels of $138 and $116 for a possible retest.

As of now, Solana is trading at $136, experiencing a 5.54% decrease in the last 24 hours.

Moving on to other predictions, Altcoin Sherpa anticipates that Fetch.ai (FET) and Render (RNDR), two projects related to artificial intelligence (AI), may retrace to lower Fibonacci levels in the near future before embarking on significant rallies.

The trader suggests that there may be excellent buying opportunities for AI coins like FET and RNDR in the upcoming weeks or months if Bitcoin continues its current price action of bleeding and chopping. Altcoin Sherpa advises investors to start averaging in at the .50 fib and potentially go down to .618.

According to Altcoin Sherpa’s chart, FET could potentially dip to as low as $1.45.

Similarly, the trader believes that RNDR may experience a dip to around the 200-day exponential moving average (EMA) at approximately $6.

At present, FET is trading at $2.11, marking a decrease of more than 7% in the last 24 hours. Meanwhile, RNDR is trading at $7.95, also experiencing a decrease of more than 7%.

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