Trader Predicts Rallies for PEPE and One Additional Altcoin, Updates Outlook on Bitcoin (BTC)

0 16

knife

A popular crypto strategist is predicting a bounce for memecoin Pepe (PEPE) and a new layer-1 project as he updates his outlook on Bitcoin (BTC).

Pseudonymous analyst Altcoin Sherpa tells his 195,100 Twitter followers that he believes Pepe will eventually put in new all-time highs, but only after shaking out weaker hands.

“PEPE: Very good place to take profits around here if you’re in from lower.

Could it go higher? Of course, I actually think it eventually will.

But in the short term, it looks a bit sketchy.

(I’m still in this one myself from much lower).”

Image
Source: Altcoin Sherpa/Twitter

Altcoin Sherpa uses Fibonacci retracement levels, a method of technical analysis for determining key levels for price targets, to predict a lower price level for Pepe. Looking at his chart, Sherpa indicates Pepe could decline to $0.00000136 in the near term.

Pepe is trading for $0.00000175 at time of writing, up 5.7% during the past 24 hours.

The trader says Aptos (APT) rival Sui (SUI), with its fairly illiquid tokenomics, is setting up for a move to the upside toward $1.27 after chopping around for days.

“SUI: Wouldn’t be surprised to see this do well if and when BTC chills out and alts (altcoins) have a breather. MMs (market makers) control a large amount of the floating supply I think, they’ll manipulate and pump this sh*t.”

Image

Sui is worth $1.17 at time of writing, down 6.3% during the last 24 hours.

Looking at Bitcoin, the trader says that Bitcoin is currently in a range between $30,000 and about $26,600. He says a break above the top boundary of the range would suggest a further rally to $33,000 and beyond. On the contrary, a collapse below $26,000 would suggest continuation at least below the $25,000 level, according to Altcoin Sherpa.

“BTC: Looks ok in the short term, expecting this to trade higher and for alts to have some sort of a bounce that lasts a few days. Still quite uncertain overall though on mid-term time frames.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, Bitcoin is trading for $27,060, down 1.5% during the past 24 hours.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/herryfaizal/Salamahin

The post Trader Predicts Rallies for PEPE and One Additional Altcoin, Updates Outlook on Bitcoin (BTC) appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 70,785.97
ethereum
Ethereum (ETH) $ 3,572.19
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 583.66
solana
Solana (SOL) $ 186.77
xrp
XRP (XRP) $ 0.629922
staked-ether
Lido Staked Ether (STETH) $ 3,563.99
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.221442
cardano
Cardano (ADA) $ 0.653483
avalanche-2
Avalanche (AVAX) $ 54.71
shiba-inu
Shiba Inu (SHIB) $ 0.000032
the-open-network
Toncoin (TON) $ 4.89
polkadot
Polkadot (DOT) $ 9.50
bitcoin-cash
Bitcoin Cash (BCH) $ 575.14
chainlink
Chainlink (LINK) $ 19.26
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 70,786.97
tron
TRON (TRX) $ 0.120401
uniswap
Uniswap (UNI) $ 12.72
matic-network
Polygon (MATIC) $ 1.00
internet-computer
Internet Computer (ICP) $ 17.62
near
NEAR Protocol (NEAR) $ 7.22
litecoin
Litecoin (LTC) $ 94.48
aptos
Aptos (APT) $ 17.12
leo-token
LEO Token (LEO) $ 6.05
blockstack
Stacks (STX) $ 3.43
filecoin
Filecoin (FIL) $ 9.24
dai
Dai (DAI) $ 0.999106
cosmos
Cosmos Hub (ATOM) $ 12.29
ethereum-classic
Ethereum Classic (ETC) $ 32.52
arbitrum
Arbitrum (ARB) $ 1.68
render-token
Render (RNDR) $ 11.29
immutable-x
Immutable (IMX) $ 2.96
crypto-com-chain
Cronos (CRO) $ 0.153947
stellar
Stellar (XLM) $ 0.137996
hedera-hashgraph
Hedera (HBAR) $ 0.117027
the-graph
The Graph (GRT) $ 0.416047
mantle
Mantle (MNT) $ 1.21
okb
OKB (OKB) $ 63.20
optimism
Optimism (OP) $ 3.71
fetch-ai
Fetch.ai (FET) $ 3.42
bittensor
Bittensor (TAO) $ 550.57
dogwifcoin
dogwifhat (WIF) $ 3.47
vechain
VeChain (VET) $ 0.046742
pepe
Pepe (PEPE) $ 0.000008
injective-protocol
Injective (INJ) $ 38.01
maker
Maker (MKR) $ 3,603.72
kaspa
Kaspa (KAS) $ 0.137723
thorchain
THORChain (RUNE) $ 9.34
theta-token
Theta Network (THETA) $ 2.93
fantom
Fantom (FTM) $ 1.01
arweave
Arweave (AR) $ 41.51
lido-dao
Lido DAO (LDO) $ 2.90
floki
FLOKI (FLOKI) $ 0.000264
first-digital-usd
First Digital USD (FDUSD) $ 1.00
gala
GALA (GALA) $ 0.066937
sui
Sui (SUI) $ 2.00
monero
Monero (XMR) $ 135.49
celestia
Celestia (TIA) $ 14.14
sei-network
Sei (SEI) $ 0.86785
algorand
Algorand (ALGO) $ 0.273138
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,936.65
flow
Flow (FLOW) $ 1.39
quant-network
Quant (QNT) $ 138.66
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,624.68
beam-2
Beam (BEAM) $ 0.036211
aave
Aave (AAVE) $ 126.79
singularitynet
SingularityNET (AGIX) $ 1.42
bonk
Bonk (BONK) $ 0.000028
conflux-token
Conflux (CFX) $ 0.477584
bitcoin-sv
Bitcoin SV (BSV) $ 92.23
wrapped-eeth
Wrapped eETH (WEETH) $ 3,694.95
jupiter-exchange-solana
Jupiter (JUP) $ 1.27
starknet
Starknet (STRK) $ 2.29
elrond-erd-2
MultiversX (EGLD) $ 61.17
havven
Synthetix Network (SNX) $ 4.93
dydx-chain
dYdX (DYDX) $ 3.47
axie-infinity
Axie Infinity (AXS) $ 11.19
the-sandbox
The Sandbox (SAND) $ 0.690246
ribbon-finance
Ribbon Finance (RBN) $ 1.62
bittorrent
BitTorrent (BTT) $ 0.000002
bitget-token
Bitget Token (BGB) $ 1.03
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,584.09
ethena-usde
Ethena USDe (USDE) $ 1.00
worldcoin-wld
Worldcoin (WLD) $ 8.45
tezos
Tezos (XTZ) $ 1.40
mina-protocol
Mina Protocol (MINA) $ 1.26
ondo-finance
Ondo (ONDO) $ 0.929771
pyth-network
Pyth Network (PYTH) $ 0.904972
flare-networks
Flare (FLR) $ 0.035612
ordinals
ORDI (ORDI) $ 62.32
ecash
eCash (XEC) $ 0.000066
gatechain-token
Gate (GT) $ 9.74
ronin
Ronin (RON) $ 4.20
apecoin
ApeCoin (APE) $ 2.03
axelar
Axelar (AXL) $ 2.08
chiliz
Chiliz (CHZ) $ 0.14278
decentraland
Decentraland (MANA) $ 0.674839
akash-network
Akash Network (AKT) $ 5.34
whitebit
WhiteBIT Coin (WBT) $ 8.41