By The Daily Hodl - 2 years ago - Reading Time: 2 minutes
Crypto Strategist Says All-Time High Coming for One Ethereum Rival, Predicts Pullback in Two Other Altcoins
A popular crypto trader thinks one smart contract platform could skyrocket to an all-time high in the next few weeks.
The pseudonymous crypto analyst Altcoin Sherpa tells his 172,500 Twitter followers that Near Protocol’s native token NEAR has the chance to still drop in price before moving towards a new all-time high.
Source: AltcoinSherpa/TwitterNear Protocol, the 17th-ranked crypto asset by market cap is trading at $16.11 at time of writing, down about 1.7% in the past few days. Altcoin Sherpa says $14 “would be a great entry” for the token.
The analyst appears less bullish on another Ethereum (ETH) rival, Avalanche (AVAX). Altcoin Sherpa says AVAX has underperformed his expectations “heavily” while looking at its exponential moving average.
$AVAX: Meh, this one has underperformed my expectations heavily. Would like to see a reclaim of the 200D EMA and EQ of the range. Looks like the range lows at 66 are coming before anything else until we see that reclaim. #AVAX pic.twitter.com/x6L9EdqzbF
— Altcoin Sherpa (@AltcoinSherpa) April 12, 2022
Avalanche is trading at $75.87 at time of writing. The 10th-ranked crypto asset by market cap is down more than 17% in the past seven days.
Altcoin Sherpa is also bearish on Zilliqa (ZIL). The Zilliqa blockchain assists organizations in running enterprise business operations.
Says the analyst of ZIL,
“I think this bounces soon [to be honest], expecting late shorters to get messed up; that said, I do think that the trend is still bearish. If you are paying attention, you can play this both ways and long soon/close and also short around $0.13-0.14. I’ll prob look for shorts.”
Zilliqa’s native token, ZIL, is trading at $0.106162 at time of writing. The 77th-ranked crypto asset by market cap is down more than 16% in the past week.
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Original source: The Daily Hodl