The enthusiastic atmosphere in the cryptocurrency market has calmed down a bit. Although the leading cryptocurrency Bitcoin failed to stay above $ 35 thousand, it maintained $ 34 thousand. In addition, altcoins managed to largely maintain their gains after their strong rise. This strengthened the bull market claims for now. Against this backdrop, a popular crypto analyst is updating his outlook on an Ethereum (ETH)-based altcoin after an explosive two months.
Analyst warned: Do not sell too much speed!
cryptokoin.comAs you follow from , a new bullish atmosphere has emerged in the market. Although the run started with the leadership of Bitcoin, altcoins also participated in it. Major cryptocurrencies such as SOL and LINK saw notable gains. Besides, there were others who, although smaller in scale, managed to draw attention to themselves. The analyst, nicknamed Altcoin Sherpa, shared the latest predictions with his 197,000 followers on the social media platform X.
Decentralized oracle protocol Tellor Tributes (TRB) shows how quickly altcoins can recover from long market corrections, analyst says. By the way, it is worth noting that TRB was traded at $9.83 on August 25. However, the altcoin is trading at $113 at the time of this writing. This means a gain of more than 1,000%. In this context, the analyst shares the following assessment:
TRB: Just a few weeks of wild bull moves shows how these altcoins have been able to reverse years of bear market moves for some. I don’t expect all altcoins to do this. But 2021 has shown that it can definitely happen (on altcoin/USDT pairs), even for dino-coins. Don’t sell too fast.
Meanwhile, the analyst had previously said that TRB had exhausted its bullish momentum after reaching $79. He also predicted a brief retreat. TRB reached an all-time high of $161 in May 2021.
According to the analyst, SOL’s run is not over yet
The analyst next looks at Ethereum (ETH) rival Solana (SOL). Altcoin Sherpa predicts that SOL will continue to move upwards based on key support and resistance levels. In this regard, the analyst explains the following predictions:
LEFT: I want to add, there is $30 next and $50 after that.
By the way, it should be noted that Solana has increased by more than 46% in the last two weeks. SOL was trading at $31.84 at the time of writing.
Altcoin Sherpa watches this range to buy LINK!
Finally, the analyst evaluates Blockchain oracle network Chainlink (LINK). Altcoin Sherpa says LINK could pull back to the $9 range before making another move to the upside based on Fibonacci retracement levels. He expresses his predictions on this subject as follows:
LINK: Very powerful. I want to buy the dips. I don’t know if I can get it. I’m looking at mid-$9 and below.
Meanwhile, Chainlink has gained more than 45% in the last two weeks. LINK was trading at $10.75 at the time of writing.
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