Famous crypto analyst and trader, in the medium term Bitcoin Express bullish sentiment on (BTC) ecosystem tokens brought.
He noted that he expects Bitcoin Ordinals (ORDI), a protocol that allows text and images to be written on Bitcoin in the altcoin Sherpa X, and other similar crypto assets in the ecosystem to “perform well in the coming months.”
ORDIis trading at $72.35 at press time, an increase of approximately 2,777% compared to the close of $3.48 on October 18.
Following the trader solana He also expressed his predictions about the He noted that although the price of the fifth-largest crypto asset by market capitalization may rise in 2024, he expects it to decline in the short term.
SOL is trading at $98.01 at press time.
Then the analyst turned to THORChain (RUNE). According to Altcoin Sherpa, the key Fibonacci retracement levels to watch on RUNE on the daily chart if the downtrend continues are 0.50 (50%) and 0.618 (61.8%). Fibonacci retracement levels are used to identify possible support and resistance points for the price of an asset, and the most common are 38.2%, 50%, and 61.8%.
According to the chart from Altcoin Sherpa, the 50% and 61.8% Fibonacci retracement levels appear to fall just above a RUNE price around $4 and $3.50 respectively.
Koinfinans.com As we reported, RUNE is trading at $4.10 at the time of writing.