It is closely followed by many circles in the crypto money industry. Altcoin Sherpa He has guided people, especially with his many recent analyzes.
Sherpa, the second largest cryptocurrency by total market capitalization Ethereum‘Fame (ETH) He stated that it is currently leading the altcoins, but that both of its competitors are pregnant with developments.
Ethereum’s Rival 2 Altcoins Are Very Active
In his latest video, the analyst focused on two platforms, namely DeFi-focused. Terra (Luna) and Avalancheto (AVAX) opened the parenthesis. After stating that he expects LUNA’s rise to continue, the analyst explained this with his reasons.
Thinking that LUNA is still in an uptrend, the analyst stated that, despite this, a few bear-oriented signs are coming soon.
According to the analyst, the recent sales volume and the head and shoulders formation on the chart, LUNAIt may force it to decline in the short term.
Despite this, the analyst stated that LUNA is still in an uptrend. 75 your dollar He said it was critical support.
If LUNA breaks $100 again, it means that the bearish line is destroyed and the price rally again, according to the analyst.
The other cryptocurrency on the analyst’s radar was AVAX. The famous name emphasized that there may be a rally after the expected Avalanche Summit event for AVAX.
AVAX is currently in a position where the negative market structure is about to end and holding this big event may bring new good news. The next target from here will be $100 and more.”