Twitter phenomenon and cryptocurrency analyst Altcoin Sherpa shared a detailed price analysis of three popular altcoins.
Altcoin Sherpa In his recent social media posts, he made remarkable predictions for 3 different altcoins. Analysis of Altcoin Sherpa Arbitrum (ARB), Ethereum (ETH) And Dogecoin (DOGE) it was special.
Altcoin that sees Arbitrum’s recent debacle with controversial community votes as an opportunity sherpathat investors volatile can take advantage of the environment thinks:
I’m not really actively trading this but there is a lot of volatility. It wouldn’t be surprising to see the ARB rise higher in the short term. Still, more news is needed to support the uptrend.
According to the analyst, the first target of the ARB is the one that corresponds to a resistance point. $1.30 band and this is approx. 7%This corresponds to an increase of . On the other hand, the analyst expects a 4-hour close above the main resistance at $1.49 for a more serious rise in the token.
CoinGecko According to ARB data at the time of writing 4.3% with an increase from $1.23 is being traded.
Ethereum can carry altcoins with it!
The analyst, who also has positive views on Ethereum, ETH/BTC for both parity ETH/USDT Two different perspectives for parity presented. While the analyst suggested that Ethereum’s price against Bitcoin may have reached a short-term bottom zone, the pair’s 0.064 He stated that if he returns from the level, a bullish season may begin for altcoins. The analyst also said that the ETH/BTC pair is in the long run. to 0.055 level waiting for it to regress.
However, the analyst focusing on the dollar parity of Ether, $1,850 hinted that the 4-hour close above it could be a healthy signal for bullishness. The analyst added that the moving averages look healthy for such a rise:
We have not seen a 4-hour close above $1,850 since August 2022. The EMAs all look pretty healthy, let’s see if this is really a real breakout.
CoinGecko according to data Ethereumin the last 24 hours rose 2.9% and while typing from $1,863 is being traded.
How long will the Twitter wind in Dogecoin last?
Altcoin Sherpa to your opinion according to dogecoin There are two clear resistance zones for If these resistance zones are 0.097 And 0.10 positioned in the dollar band. Analyst specified region short Although he stated that it would not be a bad area to open a directional position, he clearly stated that he would not act at the marked point and continue to observe.
On the other hand, the breakdown of this region is more a long-term rise The analyst, implying that it can trigger
Whether this rise is realistic or not will be determined; we typically see some kind of illiquid up move followed by a rapid reversal. Initial resistance area approaching; If Twitter changes its icon, a bearish path can be followed.
CoinGecko according to data DOGEat the time of writing 25% with the rise from $0.0971 is being traded.