Pentoshi, a crypto strategist widely followed by the crypto community, Cosmos (ATOM), Bitcoin (BTC) and rallies await from a low-value DeFi altcoin.
Crypto analyst to 324,700 Twitter followers, smart contract platform of Cosmos (ATOM) says it looks set to outperform the overall crypto market in the next few weeks.
Pentoshi expects ATOM to surge over 100% to 0.00129 BTC ($78.43) in Bitcoin (ATOM/BTC) as the token finds support around 0.0006 BTC ($35.42).
“ATOM [bence] It will be one of the best if not the best performing altcoins in the next few weeks.
The chart is set for a big uptrend and [teknik analiz] and [temel analiz] It has all the necessary components with the alignment.
“In my opinion it will go completely parabolic like SOL/AVAX.”
According to data from CoinGecko, ATOM is currently trading at $38.30, up 12% in the last 7 days at the time of writing.
Pentoshi’s second altcoin selection; A deep liquidity network that connects traders, exchanges, institutions and decentralized finance (DeFi) platforms. WOO Network (WOO).
While the crypto asset is currently trading at $1.24, 10 percent below its previous all-time high, Pentoshi believes WOO is a safe bet that could hit all-time highs (ATH) on the horizon.
“WOO update
Good days are waiting, I have not sold tokens even once. where I feel comfortable altcoin more. Some things I trade, some things I hold. So far everything is going well! I hope they continue to grow at this rate.”
In terms of Bitcoin; The analyst says that the top crypto asset is showing strength after perfectly retesting a key Fibonacci level near $59,985.
“BTC is in a shallow 10% drop after breaking ATHs. [Fibonacci] It has had an excellent retest at the level and looks set for further price discovery.”
With BTC potentially forming higher highs and higher lows, the analyst is aiming for a bullish move towards the $64,500 and $65,000 range.
“BTC likely to be lower for the day
[Düşük zaman dilimlerinde] potential [higher low’lar]
I would like to see a move towards 64.5-65k”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.