[ad_1]
A intently adopted crypto strategist says that one altcoin with a market cap of $1.934 billion seems to be something however bullish.
Pseudonymous dealer Altcoin Sherpa tells his 196,800 followers on the social media platform X that the native asset of the interoperable blockchain ecosystem Cosmos (ATOM) seems poised for extra draw back value motion.
ATOM, which is down about 60% from its 2023 excessive of $15.45, will probably drop all the way in which all the way down to $5.50 earlier than witnessing a reduction rally, in response to the analyst.
“ATOM: I do know the Dapp (decentralized functions) chain future is large however man, that is one ugly chart. I don’t see any reduction till the mid-$5s honestly… That needs to be a good bounce space. Nonetheless no purpose to purchase this one although, for my part.”
At time of writing, ATOM is buying and selling for $6.61.
Altcoin Sherpa can also be watching the worth motion of Ethereum (ETH) rival Solana (SOL). The analyst says that for now, SOL is trapped in a large buying and selling vary between $16 and $27.
“SOL: haven’t checked this chart in a bit. I don’t see any actual change within the increased timeframe charts. I feel that it’s nonetheless only a vary between $16-$27 and a few deviations on each ends. Finest to most likely simply purchase and maintain this for a bit.”
At time of writing, SOL is value $22.10.
One other altcoin on the dealer’s radar is the native asset of the decentralized pool buying and selling platform Woo Community (WOO). Altcoin Sherpa shares a chart suggesting that WOO stays in a sideways development with assist at round $0.147.
“WOO: nice venture/alternate general, had some excellent news not too long ago with them burning the 3AC (Three Arrows Capital) tokens and that offer being gone. I nonetheless don’t actually see this as a purchase at this present time however most likely a good longer-term funding.
(I’m holding a long-term bag of this).”
At time of writing, WOO is buying and selling at $0.178.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Test Price Action
Observe us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in affiliate internet marketing.
Generated Picture: Midjourney
[ad_2]
Source link
