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A widely followed crypto analyst predicts a big jump for meme coin Pepe (PEPE) as he updates his views on Ethereum (ETH) and Chainlink (LINK). Altcoin Sherpa has 196,100 Twitter followers and says Pepe could rise more than 64 percent from its current value.
Analyst Sherpa predicts Pepe could retrace the 50 percent Fibonacci level at $0.00000234 using Fibonacci retracement levels, a technical analysis method for identifying key levels for price targets.
Next, the analyst says that if Bitcoin (BTC) drops, Ethereum could drop below the $1,800 level.
The analyst is in a long-term uptrend on the decentralized oracle network Chainlink. He predicts a massive rally if LINK can break out of the upper bound range at around $9.33. Also on the investor's radar is the image synthesis ecosystem Render Token (RNDR), which he predicts could drop below $1 if Bitcoin (BTC) loses support.
Finally, the trader says that the decentralized machine learning network Fetch.ai (FET) is on the verge of returning to the $0.06 to $0.14 range after a sudden rally fueled by artificial intelligence (AI) enthusiasm.
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