Popular cryptocurrency strategist and analyst, bitcoin‘of (BTC) He explained what awaits altcoins after their recent rise.
Addressing his 167,000 followers, Altcoin Sherpa actually talked about basic altcoins and paved the way for other altcoins.
Altcoin Sherpa also made predictions about Bitcoin in his statements on Twitter. According to the analyst, although BTC is in a good situation in the long term, a sharp decline is expected first. This sharp drop may also temporarily affect altcoins.
Latest Status for ETH, DOT and LUNA
After the popular name emphasized that other altcoins will follow similar paths in the shadow of BTC Ethereum (ETH), Polkadot (DOT) and Terra (Luna) talked about.
Especially Ethereum Expressing that $3,000 is a frightening area, he thinks that the fun will begin once this is overcome. As of now, ETH also broke the $3,200 resistance and, as stated by the analyst, $3,600 it’s going right.
LUNA, one of the fastest rising altcoins of the last period, is in an upward trend according to the analyst. The famous name emphasized that 45 dollars will be the bottom for LUNA and that the rise will gain momentum from here. The famous name that was right in this prediction is now i for $65he pointed.
Polkadot also reassured itself after breaking the $20 resistance and DOT’s position is firm. According to Sherpa, DOT’s target this week 28 dollars looks like. Based on 200-day EMA $ 20 Emphasizing that the middle is the inevitable target, the analyst reminded that DOT has support at $ 20.
*Not Investment Advice.