A widely followed crypto analyst has revealed that he expects a rally in the prices of two popular altcoins. Also popular meme coin SHIB He also made a remarkable prediction for Details are here.
The pseudonymous analyst known as Altcoin Sherpa, Bitcoin (BTC) as long as it remains stable XRP is a good basis for a rally thinks. The analyst has set a rally target for the altcoin towards the $0.55 level. This represents a gain of about 20% from current prices:
“XRP: Seems logical, I haven’t checked this chart for a while. It has performed well before the others and seems to be consolidating; I think this altcoin will have another move if BTC remains stable.”
“Creates a Head and Shoulders model”
The other altcoin on altcoin Sherpa’s radar is Chiliz (CHZ). According to the analyst, CHZ may be forming a bearish head and shoulders pattern in the long run (bearish pattern). However, in the short term, we can expect another rise to the $0.33 range, which represents a gain of about 43% from current prices ($0.23). says.
“CHZ: It’s kind of scary because it looks like H&S (head and shoulders pattern) on higher timeframes but I think this could go for another run. I’m following the entries.”
May have Dogecoin effect on Shiba Inu
Koinfinans.com As we reported, following Dogecoin’s explosive rally, some analysts expect its biggest rival, Shiba Inu, to do the same.
While altcoin Sherpa has some potential targets, significant SHIB rallies are not waiting.
“SHIB: Here are my levels; Whether that catches up with DOGE will determine. I personally don’t think he will be in this run; I think the developments with Elon Musk are the main catalyst.”
Finally, according to the popular analyst, looking at Bitcoin, the current price action could push BTC up to the $23,000 to $25,000 range.
“The really interesting thing to see are the 4-hour EMAs (Exponential Moving Average). […] There’s a lot of consolidation here and so I think things still look good in the medium term. I think we will go up to $23-25,000.”
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.