A popular crypto analyst sets price targets for Ethereum (ETH), Ripple (XRP), and Aptos (APT) while updating his position on another altcoin. Another popular analyst shares his forecasts for Dogecon (DOGE).
Next move for Ethereum, XRP, APT and LDO
Crypto analyst nicknamed Altcoin Sherpa says leading smart contract platform Ethereum is testing a key support level of around $1,500 and is on track for a 31% rally. The analyst announces a price target just above the $2,000 level. In this context, he uses the following expressions:
ETH: 200-day EMA (exponential moving average), you are the first for support. Let’s see if this holds up or not.
Altcoin Sherpa then says that payments-focused Ripple (XRP) is ‘looking good’ after a long period of consolidation and underperforming the rest of the market. It is setting upside price targets at $0.50 with a resistance at $0.44. In this regard, the analyst makes the following statement:
This chart looks good. It hasn’t moved much relative to the rest of the market and there is a lot of consolidation going on. However, there isn’t much of a narrative about it. Old altcoins like this will start to move randomly.
The analyst says Solana (SOL) rival Aptos, which has already risen 112% in the last seven days, has more gas in the tank. Using Fibonacci extensions, Altcoin Sherpa suggests that APT could go as high as $23.70 in the short term.
Finally, the analyst says that Ethereum staking service Lido (LDO) is probably at the end of its rally. However, he notes that this is due to a fix. Sherpa makes the following statement:
LDO: This is filling up soon IMO. I’d personally look for other coins instead.
Smart Contracter: DOGE is never a bad bet
A leading analytics firm, IntoTheBlock, reveals that 62% of Dogecoin holders are green, with losses of 36% and head-to-head 2%. cryptocoin.comAs you follow, DOGE is witnessing an upward price action this month, rising from the start of $0.068 in 2023 to its current price of $0.090. Thus, it gained over 32% in about three weeks. Despite the jump this month, DOGE is still down more than 87% from its all-time high in May 2021.
IntoTheBock also notes that 73% of DOGE holders have held the leading meme coin for over a year. It also reveals that only 3% of them bought Dogecoin in the last month. About 24% of DOGE holders have held the asset for less than a year but more than a month.
Popular crypto analyst Smart Contracter is also following Dogecoin closely. The analyst says that DOGE looks interesting on the Bitcoin pair (DOGE/BTC) after completing an ABC correction on the three-day chart and retesting a previous resistance area as support. In this context, the analyst makes the following statement:
DOGE/BTC is at a pretty interesting three-day level here. If you think the bottom is coming, DOGE is never a bad bet.
At the time of this writing, the DOGE/BTC pair is changing hands for 0.00000387 BTC ($0.089). So it is still above the support level of Smart Contracter.
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