Altcoin Sherpa, a leading crypto strategist, draws attention with his positive evaluations of the altcoin called Ordinals (ORDI), which belongs to the Bitcoin (BTC) ecosystem and aims to add value to Satoshi, known as the smallest unit of value.
The analyst expressed his confidence in this project by saying, “ORDI: This looks like it is potentially preparing for another rise.” emphasized.
According to Altcoin Sherpa’s analysis, a look at ORDI’s charts suggests that the digital asset is in an uptrend after bouncing off the key $69.80 level.
After closing at $3.59 on September 29, ORDI showed an impressive performance this week, reaching an all-time high of $81.96. As of now, it is trading at $75.52.
Among the dynamics behind this tremendous rise, Ordinals’ unique focus on project goals and its success in achieving these goals stands out. As the crypto community evaluates ORDI’s future potential, Altcoin Sherpa’s positive assessment encourages investors and enthusiasts to take a closer look at this altcoin.
The analyst then noted a possible Fibonacci retracement level of $0.36 for Solana’s (SOL) bullish rival, Sei Network. However, he suggested that it may take some time for the SEI to decline.
“SEI: the idea that there is a dip buying opportunity is wrong for now… it remains in this trend. “It is still one of the strongest altcoins to trade this cycle.”
Finally, Altcoin Sherpa, who made evaluations about Bonk (BONK), claims that the meme coin is showing a downward trend.
“BONK: Good move today, get ready to sell for BONK. “In my opinion, a lower high (new peak lower than the previous peak) is coming.”
Bonk is trading at $0.0000153 at the time of writing.
You can follow the current price movement here.