CryptoPolyTech.com
Crypto, Politics, Tech, Gaming & World News.

Crypto Analyst Predicts Further Rallies for Two Explosive Altcoins, Updates Bitcoin Forecast – The Daily Hodl | CPT PPP Coverage

 | cutline • press clip • news of the day |

Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE

200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |

View more Headlines & Breaking News here, as covered by cryptopolytech.com


Crypto Analyst Predicts Further Rallies for Two Explosive Altcoins, Updates Bitcoin Forecast – The Daily Hodl appeared on dailyhodl.com by The Daily Hodl.

A popular crypto strategist and trader is predicting more rallies to come for two low-cap altcoins that have recently shown strength.

The pseudonymous analyst known in the industry as Altcoin Sherpa tells his 184,400 Twitter followers that decentralized derivatives exchange Injective Protocol (INJ) is the “gift that keeps on giving.”

“This entire area ($2.00) is a big supply zone. With that said, it’s been tapped several times the last few weeks, and I think a lot of sellers are gone around $2. I’m riding this one until $2.50, entry around $1.80”

Source: Altcoin Sherpa/Twitter

At time of writing, INJ is trading at $1.93, up over 8% in the last seven days. A move to Altcoin Sherpa’s target suggests an upside potential of nearly 30% for INJ.

Another altcoin on the trader’s radar is SushiSwap (SUSHI), also a decentralized exchange protocol. According to Altcoin Sherpa, SUSHI is facing some resistance at current levels but he believes that the altcoin will continues to rally toward his target.

“SUSHI: Current area is scary bit I still think it probably goes to $1.60 eventually.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, SUSHI is swapping hands for $1.38, an over 22% increase in the past seven days.

As for Bitcoin (BTC), the popular analyst predicts a move down to the $18,000 level if the king crypto fails to hold the equilibrium of its range at around $19,500.

“Two scenarios that I’m eyeing. This is an unclear area for now. Conflicting signals and the exponential moving averages are all right near price; theoretically should provide some support, but when price is flipping between EMAs so consistently, it’s less likely to be strong support or resistance, in my opinion.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, Bitcoin is valued at $19,412, flat on the day and below Altcoin Sherpa’s range equilibrium.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia



FEATURED ‘News of the Day’, as reported by public domain newswires.

Find more, like the above, right here on Cryptopolytech.com by following our extensive quiclick links appearing on images or [NEWSer CHEWSer].
View ALL Headlines & Breaking News here.

Source Information (if available)

This article originally appeared on dailyhodl.com by The Daily Hodl – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.

We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.

CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.

We compile ‘news of the day’ content in an unbiased manner and contextually classify it to promote the growth of knowledge by sharing it just like Crypto Analyst Predicts Further Rallies for Two Explosive Altcoins, Updates Bitcoin Forecast – The Daily Hodl

First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!

You might also like