The cryptocurrency market has gained some vitality these days. However, the course of the market resembles a roller-coaster ride. In this environment, one veteran analyst says WLD has double-digit growth potential. The analyst is also updating his outlook for 2 altcoins.
Altcoin Sherpa: WLD has 11% potential!
cryptokoin.comAs you can see from , cryptocurrencies cannot maintain their upward momentum. When they look up with positive news, the SEC steps in and the spell is broken. However, there are also remarkable cryptocurrencies in the market. The analyst, nicknamed Altcoin Sherpa, shared his latest predictions on the market to his 196,400 followers on the social media platform. The analyst says it is possible for the controversial project Worldcoin (WLD) to rise more than 11% from its current value. In this context, the analyst makes the following statement:
WLD: I’m completely out of this, taking most of my profits in the $1.70-$1.85 area. I think this token could reach $2.00 (or maybe more) in total. A few things: Never invest in this long term. Don’t short sell for a while either.
Looking at the analyst’s chart, it appears that Altcoin Sherpa thinks Worldcoin is in an uptrend after turning the 200-day exponential moving average (EMA) into support. Worldcoin was trading at $1.74 at the time of writing, losing 4.63% in the last 24 hours.
Analyst eyes on BICO, which has exploded recently
Next, the analyst says he is closely monitoring the native governance token of Biconomy (BICO), a network that offers plug-and-play relay infrastructure to developers. Because it states that the token has retested an important level. In this regard, Altcoin Sherpa shares the following predictions and moves:
BICO: There is a big rise today, perps (perpetual contracts) were announced on Binance. Personally, I don’t think I will buy at this level (200-day EMA acts as resistance). But overall I’m keeping an eye on it.
Meanwhile, Biconomy was trading at $0.2449, down 8.32% in the last 24 hours. However, the token has increased by over 21% in the past 7 days. cryptokoin.comAs you follow from , Binance news was especially effective in this rise.
Altcoin Sherpa: LUNA will pull back ahead of another rally
Finally, the analyst says Terra (LUNA), after bouncing off a key Fibonacci level, could retrace its gains in the near term before embarking on another rally. Altcoin Sherpa draws attention to the following level in this prediction:
LUNA: I’ve been away since .382 fib. However, I have orders in the $0.49 region. This is my absolute favorite setup.
Meanwhile, LUNA was trading at $0.488 at the time of writing, down 6.30% in the last 24 hours. However, the altcoin gained approximately 25% in value on a weekly basis.
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