The crypto analyst, known in the market as Altcoin Sherpa, to his 152,600 Twitter followers, is mapping the levels at which Polkadot, The Sandbox and three other low-value altcoins can bounce and potentially bottom out. we too cryptocoin.com We have prepared the analyst’s posts for our readers.
Map of altcoin projects drawn by the analyst
The analyst says that the interoperable Blockchain Polkadot (DOT) could see an influx of demand once it reaches the 200-day exponential moving average (EMA), which is currently hovering at $32:
DOT: More consolidation is expected in the $30-40 range. The 200-day EMA should be supported here.
Blockchain-based gaming ecosystem The Sandbox (SAND) is looking for entries of around $5, according to the analyst:
Probably bought at the bottom. The strongest cryptocurrencies are recovered the fastest.
According to Altcoin Sherpa, a lower timeframe support may provide some relief for Crypto.com (CRO):
CRO: I’m patiently waiting for $0.60.
Another cryptocurrency on the analyst’s list is Oasis Network (ROSE), a privacy-prioritizing smart contract platform for open finance. The crypto analyst says he expects ROSE to find a bottom around $0.29:
A good first reaction to 0.618 (Fibonacci level). If it continues strong, this is likely to make a lower high. I would rather see this consolidation at 0.618 a bit and then build a solid base to continue.
The last cryptocurrency on the analyst’s radar is the payment infrastructure platform COTI. The analyst says that COTI currently respects the 200-day EMA ($0.37) as support, but adds that a new sell event could drop the token to $0.30:
The first good touch of the 200-day EMA. I think this will find a short term bottom around here. Still more support at 0.618 (Fibonacci level).
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.