Strong US employment data put pressure on risky assets. This disrupted the upward move of the crypto market. The leading tokens of the cryptocurrency market followed a calm course over the weekend, with some exceptions. A cryptocurrency analyst with a large following says he sees upside potential for 3 altcoins with market caps below $1 billion.
Altcoin Sherpa: Even if there is a decrease in JUP, it will rise in a short time!
cryptokoin.comAs you follow from , the market made an upward move towards the end of the week. However, he failed to maintain this. However, analysts predict that some tokens may make strong moves after the correction. The popular analyst, nicknamed Altcoin Sherpa, shared his latest predictions to his followers on the social media platform X. The analyst looks at Solana-based decentralized exchange aggregator Jupiter (JUP). Sherpa shares a chart that suggests JUP will likely make a local bottom around $0.50 before rising to around $0.82. The analyst makes the following statement:
JUP: I still think it will rise in the short term. But after this big rise (let’s say $1 or more), I think it will only fall for a while.
Meanwhile, at the time of writing, JUP was trading at $0.58, down 6% on the day.
Even though MANTA declines, it will bounce back in a short time
Altcoin Sherpa next covers Manta Network (MANTA). The analyst says the privacy-focused crypto project’s native token may bounce provided Bitcoin (BTC) does not witness a major move downwards. In this context, the analyst shares the following prediction:
This could return to the $2.50 or lower area. I think new coins should still be looked at. We are keeping an eye on it, but as long as Bitcoin (BTC) is stable, it will jump in a short time.
Meanwhile, MANTA was trading at $3.93 at the time of writing, down 2% on a daily basis.
Analyst expects these highs for LINK
Finally, the analyst looks at LINK, the native asset of the decentralized oracle network Chainlink. Altcoin Sherpa says the crypto asset is on the rise. He also predicts that if it breaks immediate resistance, it will likely see higher prices. In this regard, the analyst points to the following levels:
LINK: If the price breaks through the $18 level, I think it will move to $24 in the medium term (or higher). There are also smaller levels like $20, but overall it still looks strong.
Meanwhile, LINK was trading at $17.88 at the time of writing, up 0.41% on a daily basis.
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