The cryptocurrency market was boosted by Bitcoin’s rally above $50,000. Analysts predict more to come for leading cryptocurrencies and altcoins. Two crypto analysts with large followings are confident that the bear market is behind us. In this context, analysts shared 6 altcoins that they expect to rise.
Inmortal is bullish for 4 altcoins: ETH, SOL, AVAX and BEAM
cryptokoin.comAs you follow from , the market has performed strongly this week. It is unclear whether this will continue. However, analysts are now reviewing their positions for the next move. Analyst with the pseudonym Inmortal Crpto says leading altcoin Ethereum (ETH) has convincingly broken out of a trading range after retesting below the $2,000 level several times over the past few months. In this context, the analyst said, “Wake up honey, the bear market accumulation is over.” says.
The analyst next looks at Ethereum rivals Solana (SOL) and Avalanche (AVAX). Inmortal says there is a price correlation between these tokens. Based on this, it expresses bullish sentiment on both tokens. In this context, the analyst said, “If SOL is pumped, AVAX will follow it. Muscle memory.” says.
The analyst is also bullish on open-source gaming blockchain Beam (BEAM). Inmortal, “My BEAM increased by an unspecified amount.” says. Based on its chart, the analyst suggests that BEAM is in an uptrend after bouncing off the bottom of a trading range around $0.0170.
Altcoin Sherpa: DYM will fly after losing some altitude!
Elsewhere, an analyst with the pseudonym Altcoin Sherpa says the native token of the modular Blockchain Dymension (DYM) will soon revisit higher levels after a pullback. In this context, the analyst makes the following statement:
DYM: I closed all of these yesterday, I will not take profit now. Still a bit choppy and not a big fan of where BTC is. I still think it could go higher, but I’ll be patient for now.
According to the chart, the analyst states that DYM holds the $7.05 level as support. Moreover, it suggests a rise to $7.39 based on Fibonacci retracement levels. Meanwhile, Dymension has gained over 100% from its February 6 low of $3.54.
According to the analyst, SUI looks strong!
Altcoin Sherpa predicts that layer-1 Blockchain Sui Network (SUI) will rise more than 10% from its current value. The analyst said, “SUI: This will eventually reach $2. I feel pretty strongly about this. The lower time frames still remain quite strong. “Also, it is important to remember that there are different types of consolidation models.” says. Based on its chart, the analyst suggests that SUI remains in an uptrend as several exponential moving averages (EMAs) continue to rise.
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