Most members of the cryptocurrency market have lost more than half from their November 10 peak price. January 25 is marked by signs of recovery with double-digit gains. In this article, let’s take a look at Twitter analyst Altcoin Sherpa’s technical analysis for Cardano, Cosmos and 5 altcoins, keeping in mind that the predictions are not exact.
Cardano, DOT and ATOM analysis
Altcoin Sherpa starts with Cardano (ADA). According to the analyst, Cardano may hold on to the $1 support. However, he thinks it could slide back to $0.40 if it fails. Sherpa shares the resistances below and critical support highlighted in green in the technical section.
The second-ranked Poladot (DOT) will meet a possible pullback at the $15 support.
As for Cosmos (ATOM), according to Sherpa, the price of ATOM could drop as low as $20. However, ATOM has moved away from this area 40% at current levels.
Altcoin Sherpa thinks $30-40 zone is critical in LUNA
Another altcoin on the analyst’s list, DeFi payment network Terra (LUNA), the region between $30 and $40 could serve as an important support level for LUNA, according to Sherpa.
Sherpa thinks that Dogecoin (DOGE) may face selling pressure if it drops below the $0.128 support.
Altcoin Sherpa is also examining the chart of metaverse coin Axie Infinity (AXS). According to the analyst, the strongest support for AXS is located at $35.
cryptocoin.com Lastly, Altcoin Sherpa, whose analysis we share, takes a look at Chainlink (LINK). According to the crypto strategist, LINK could potentially react to the upside at $12.
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