The analyst, known under the pseudonym Altcoin Sherpa, posted a warning on his Twitter account. Waves (WAVES)Sharing about ApeCoin (APE) and a popular altcoin of recent days, the analyst warned of high losses.
Altcoin Sherpa warns that decentralized app creation platform Waves could make a deep correction to $20.
Waves is currently trading at $29.41 with the analyst targeting a 32% drop.
Created by the Bored Ape Yacht Club for the NFT community ApeCoin (APE) also seems to be at risk. According to altcoin Sherpa, APE could drop as low as $9.50, which is roughly 17.5% below its current price.
“APE: It’s pretty far from my goal; would be willing to buy it at a much lower price. $8 or less. There should still be a bounce at $9.50, these levels are likely to be a good entry point.”
Altcoin Sherpa is also a smart contract-enabled blockchain for enterprise solutions. Zilliqa (ZIL) He also shared his opinions about it. The analyst stated that ZIL is likely to correct towards $0.11 after a massive 375% rally that saw it rally from $0.05 to $0.218 in just a few days.
“If you think Bitcoin is in a downtrend, it is better to short-circuit such coins than BTC. This is because they already have bursting peaks and if BTC rises and BTC falls even harder they will likely fall. The target is located at $0.11.”
At the time of writing, ZIL was trading at $0.127. A correction noted by altcoin Sherpa represents a drop of around 15%.
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