Uptrend In This Altcoin: Analyst Predicts 74% Increase!

Recently, many predictions and analyzes have been made in the cryptocurrency markets for Bitcoin and other popular altcoins. In this context, a crypto analyst known by the pseudonym Altcoin Sherpa has revealed his new forecasts for Bitcoin and two popular altcoins, Avalanche (AVAX) and Fantom (FTM). The analyst states that Bitcoin may experience a correction soon, while AVAX is preparing to enter a new trading range, while he thinks that there may be a new upward movement for FTM. Here are the details.

A closely followed crypto analyst has updated his forecasts for Bitcoin (BTC) and two popular altcoins.

The analyst, known in the cryptocurrency market under the pseudonym Altcoin Sherpa, has raised his 194,000 Twitter followers about a possible Bitcoin drop. warned. The analyst said that Bitcoin is preparing for a pullback and will lose the $25,000 support.

According to the analyst, he adds that Bitcoin investors should wait and it would be better to buy from the bottom when the leading coin drops below $24,000.

The analyst is also examining the altcoin Avalanche (AVAX), which is referred to as an Ethereum competitor. Altcoin Sherpa says that AVAX is likely ready to break the $22 resistance and enter a new trading range high at $30.

“AVAX: The pressure looks strong this time, I think he will take another step soon. The 200-day EMA initially acted as a (normally) resistance, but I think it will break $22 strong soon.”

At press time, AVAX is trading at $17.22. An increase towards the analyst’s target of $30 represents a 74% increase for the altcoin. It is a matter of curiosity whether FTM will reach these levels.

Besides, Altcoin Sherpa has its eye on Ethereum rival Phantom (FTM), which has seen a 135% increase since the beginning of the year. According to the analyst, FTM may be preparing for a new rally.

“FTM: overall it still looks pretty good. I think some kind of bottom is forming here and it will make another bullish move.”

Looking at the trader’s chart, the next level of resistance for FTM appears to be at $0.60. At press time, FTM is trading at $0.43.

You can follow the current price action here.

source site-6