Prominent crypto analyst Altcoin Sherpamade important predictions about the altcoin market with his latest tweets.
We have compiled the analyst’s comments for you, addressing his 170,000 followers on Twitter.
Where Is Algorand (ALGO) Heading?
Smart contract platform Algorandof (ALGO), the analyst stated that it can record an increase of almost 60% from its current value of $ 0.81,
ALGO looks good so far and continues to move away from this support area.
said.
While altcoin Sherpa is short-term bullish in ALGO, Ethereum expects its rival to continue its downtrend after hitting its target at $1.29.
“LOOKS In The Process Of Hit Bottom!”
Another altcoin that the analyst took into his close lens was LOOKS. New Ethereum-based NFT market, which Altcoin Sherpa says is in the process of bottoming out looksRare for (LOOKS)
“I will probably break my position at $3. Right now I’m not sure whether to hold it long term. If it holds at $1.80, I will add to LOOKS.
$LOOKS: I’m going to probably exit my position at $3ish. #LOOKS pic.twitter.com/7dbGIPSCcm
— Altcoin Sherpa (@AltcoinSherpa) March 22, 2022
Is Ethereum Conceiving New Highs?
Leading altcoin Ethereum (ETH), Altcoin Sherpa stated that ETH is still making bear season movements. However, adding that Ethereum will change this course if it disables an important resistance area, the analyst said,
If there is one thing that will make me change my mind for Ethereum, it is breaking the $3,050 level. At this point you have a higher argument followed by higher lows. After all, if this $3,300 area is really broken, we can see really strong upsides.
said.
On the other hand, drawing attention to some altcoins he pointed out, the analyst stated that he thinks general altcoin prices will perform better in the coming weeks.
Update for some #altcoins: I think some of these look decent overall and some of these are active trades for me. Personally thinking that alts get a bit of recovery in the coming weeks. https://t.co/yuCRc8Ynz2
— Altcoin Sherpa (@AltcoinSherpa) March 22, 2022