Ethereum
Trader Predicts More Rallies for Rival Ethereum, Updates Outlook on Chainlink and Two More Altcoins
A closely followed crypto strategist says he is optimistic about Ethereum (ETH) competitor which jumped 43% last week.
Pseudonymous Altcoin trader Sherpa tells his 216,300 followers on social media platformFTM) will see more gatherings in the coming months.
“FTM will reach $1 before any pullback and should go even higher over the next six months, in my opinion. Some interesting improvements/pivots are coming here, and I have a bag. This looks solid in the short term.
Source: Altcoin Sherpa/X
At the time of writing, FTM is worth $0.856.
Looking at the native asset of the decentralized oracle network Chainlink (LINK), the trader claims that the altcoin is in a position to trigger a breakout rally.
“LINK goes to $20 if it manages to surpass the $16 mark, in my opinion.
However, I still wouldn’t buy here personally.
Source: Altcoin Sherpa/X
At the time of writing, LINK is trading at $16.53.
Next is memecoin dogwifhat (WIF), which the analyst says is nearing a potential rebound level.
“WIF: $2.30 should provide a rebound zone. I thought it would exceed the high range, but that was definitely wrong. We could also see the wick tapped again, around $1.80. Overall, these should be good rebounds in the short term.
Source: Altcoin Sherpa/X
At the time of writing, WIF is worth $2.54.
The latest altcoin on the trader’s radar is the native asset Solana (GROUND) Jupiter-based decentralized exchange (DEX) aggregator (JUP). According to Altcoin Sherpa, JUP is currently digging a bottom.
“Some of these charts look pretty good overall. JUP for example. we expect some sort of slow rise after forming some sort of short-term bottom.
Source: Altcoin Sherpa/X
At the time of writing, JUP is trading at $1.18.
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