{"id":31606,"date":"2022-10-10T16:38:50","date_gmt":"2022-10-10T16:38:50","guid":{"rendered":"http:\/\/egrowonline.com\/?p=31606"},"modified":"2022-10-10T16:38:50","modified_gmt":"2022-10-10T16:38:50","slug":"crypto-analyst-predicts-further-rallies-for-two-explosive-altcoins-updates-bitcoin-forecast","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=31606","title":{"rendered":"Crypto Analyst Predicts Further Rallies for Two Explosive Altcoins, Updates Bitcoin Forecast"},"content":{"rendered":"


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A popular crypto strategist and trader is predicting more rallies to come for two low-cap altcoins that have recently shown strength.<\/p>\n

The pseudonymous analyst known in the industry as Altcoin Sherpa tells his 184,400 Twitter followers that decentralized derivatives exchange Injective Protocol (INJ<\/a>) is the \u201cgift that keeps on giving.\u201d<\/p>\n

\u201cThis entire area ($2.00) is a big supply zone. With that said, it\u2019s been tapped several times the last few weeks, and I think a lot of sellers are gone around $2. I\u2019m riding this one until $2.50, entry around $1.80\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

At time of writing, INJ is trading at $1.93, up over 8% in the last seven days. A move to Altcoin Sherpa\u2019s target suggests an upside potential of nearly 30% for INJ.<\/p>\n

Another altcoin on the trader\u2019s radar is SushiSwap (SUSHI<\/a>), also a decentralized exchange protocol. According to Altcoin Sherpa, SUSHI is facing some resistance at current levels but he believes that the altcoin will continues to rally toward his target.<\/p>\n

\u201cSUSHI: Current area is scary bit I still think it probably goes to $1.60 eventually.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

At time of writing, SUSHI is swapping hands for $1.38, an over 22% increase in the past seven days.<\/p>\n

As for Bitcoin (BTC<\/a>), the popular analyst predicts a move down to the $18,000 level if the king crypto fails to hold the equilibrium of its range at around $19,500.<\/p>\n

\u201cTwo scenarios that I\u2019m eyeing. This is an unclear area for now. Conflicting signals and the exponential moving averages are all right near price; theoretically should provide some support, but when price is flipping between EMAs so consistently, it\u2019s less likely to be strong support or resistance, in my opinion.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/a><\/figcaption><\/figure>\n

At time of writing, Bitcoin is valued at $19,412, flat on the day and below Altcoin Sherpa\u2019s range equilibrium.<\/p>\n

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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.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Tithi Luadthong\/Natalia Siiatovskaia<\/span><\/em><\/p>\n<\/p><\/div>\n


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A popular crypto strategist and trader is predicting more rallies to come for two low-cap altcoins that have recently shown strength. The pseudonymous analyst known in the industry as Altcoin Sherpa tells his 184,400 Twitter followers that decentralized derivatives exchange Injective Protocol (INJ) is the \u201cgift that keeps on giving.\u201d \u201cThis entire area ($2.00) is […]<\/p>\n","protected":false},"author":1,"featured_media":31607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,646,50,62,3398,30,470,641,468],"class_list":["post-31606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-analyst","tag-bitcoin","tag-crypto","tag-explosive","tag-forecast","tag-predicts","tag-rallies","tag-updates"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/altcoins-defy-lukewarm-markets.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31606"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31606\/revisions"}],"predecessor-version":[{"id":31608,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/31606\/revisions\/31608"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/31607"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31606"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}