There are analysts in the cryptocurrency market who attract the attention of investors and have a large following. These analysts conduct technical and fundamental analysis to identify trends, potential ups and downs in the market. One of these names is Inmortal.
Inmortal is known as a well-known analyst in the cryptocurrency world. Their analysis and forecasts attract wide attention among investors who follow market developments. Lately, one of Inmortal’s focus has been Constellation (DAG), a tier-1 project that has lagged behind other altcoins but has potential.
of Inmortal to the analysis According to him, the Constellation project has gone through a long accumulation process. DAG’s market structure now shows an upward trend after an accumulation phase lasting more than 400 days. During this time, the project has established a solid foundation and gained positive momentum.
“I like DAG here
NEWS CONTINUES BELOW> Accumulation period of more than 400 days
> accumulation retest
NEWS CONTINUES BELOW> Healthy market structure (consecutive HLs [higher low’lar] and HHs [higher high’lar])
“I’m a simple guy, I like unamplified graphics.”
The analyst also closely follows the leading altcoin Ethereum (ETH). Inmortal highlights that Ethereum’s pair against Bitcoin (ETH/BTC) has fallen below a critical support level for the third time in the last six months. A significant rise in the ETH/BTC pair could mean that Ethereum has started to perform strongly against Bitcoin. This may lead Ethereum to attract more attention in the cryptocurrency market and stand out among investors’ preferences.
According to the chart shared by the analyst, he suggests that ETH/BTC has the potential to rise to 0.08 in the coming months.
Power of III$ETH pic.twitter.com/EMtYwx4sSS
— Inmortal (@inmortalcrypto) April 8, 2024
You can access current market movements here.
