A crypto strategist with a large following predicts that an altcoin related to artificial intelligence (AI) will experience significant price surges in the upcoming months. Altcoin Sherpa, an analyst who goes by a pseudonym, informs his 215,400 followers on the social media platform X that Render (RNDR), a project associated with Graphics Processing Units (GPUs), is likely to find strong support at a low price point. He believes that the current price of $10 is a great deal and expects the value to rise considerably in the near future. Altcoin Sherpa shares a chart indicating that the trading range for RNDR is between $10 and $12.72. As of now, RNDR is trading at $10.13, showing a 1% increase in the past 24 hours.

Moving on, the analyst discusses the bullish outlook for Bitcoin (BTC) in the short term. However, he advises caution in opening new long positions until BTC reaches higher price targets to confirm the upward momentum. BTC is currently trading at $67,036, experiencing a growth of over 2% in the last 24 hours.

Altcoin Sherpa also analyzes the price action of Ethereum (ETH), warning that the top altcoin is facing resistance at a significant level and is witnessing a decline in investor sentiment. He highlights various resistance levels on the chart, including the 200-day exponential moving average. Additionally, he mentions that ETH holders have been unsatisfied with its performance compared to the rest of the market. However, he questions whether this negative sentiment presents an opportunity to buy ETH. At present, ETH is trading at $3,104, demonstrating a 5.19% increase in the last 24 hours.

Lastly, the analyst expresses a long-term bullish sentiment towards Solana (SOL), a competitor of ETH. He believes that SOL has the potential for further growth, but he wants to see more confirmation after the price breaks out of the range between $120 and $150. Altcoin Sherpa emphasizes that the month-long consolidation period was healthy for the chart and suggests accumulating SOL. Currently, SOL is trading at $171, showing a 6.43% increase in the past 24 hours.

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