Pseudonymous Altcoin Sherpa Trader recount its 189,700 Twitter followers that leading smart contract platform Ethereum is testing a key support level at around $1,500 and on track for another 31% rally.
It reveals a price target just above the $2,000 level.
“ETH: 200-day EMA (Exponential Moving Average), you are the first to get support. Let’s see if that holds up or not.
At the time of writing, Ethereum is changing hands at $1,549.
Next, Altcoin Sherpa said Payments-focused XRP “looks good” after consolidating for a long time and underperforming the rest of the market. It sets upward price targets of $0.50 with resistance at $0.44.
“This chart looks good. It hasn’t moved much compared to the rest of the market and there’s a lot of consolidation going on. That said, there’s not a lot of narrative around it. The old sh*tcoins like this will just start moving randomly.
XRP is valued at $0.40 at the time of writing.
The merchant said Solana (GROUND) rival Aptos, which is already up 112% in the last seven days, has more gas in the tank. Using Fibonacci extensions, Altcoin Sherpa says APT could reach $23.70 in the near term.
At the time of writing, Aptos is changing hands at $16.10.
“LDO: This one is coming to the top soon IMO. I would look for other pieces instead of this one personally.
At the time of writing, Lido is valued at $2.39.
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.
Featured Image: Shutterstock/Monkographic/Mia Stendal