A widely followed cryptocurrency analyst and trader expresses bullish sentiment on Solana (SOL) competitors while offering his predictions for three altcoins.
Start with analyst Sei (SEI), also known by the pseudonym Altcoin Sherpa. To tell His 215,200 followers on social media platform .
Based on analyst charts, the SEI is hovering at the 0.618 Fibonacci retracement level and just below the 200 Exponential Moving Average (EMA) on the daily chart. Fibonacci retracement levels are based on Fibonacci numbers and are used to determine support and resistance levels.
“Obviously we're going to rely heavily on Bitcoin.”
Next Above is the Pepe (PEPE) meme coin. According to Kana Analyst’s chart, Memecoin appears to be trading slightly above the 200 EMA and 0.618 Fibonacci retracement level on the 12-hour chart.
“PEPE: It looks very scary, but many altcoins are at a decent support level. Let's see if they hold.”
Next up is the governance token of the decentralized finance protocol Ethena (ENA).Pseudonymous analyst To tell He said he was accumulating ENA because it is at a potential reversal point (just above the 0.50 Fibonacci retracement level) following the correction from the all-time high reached earlier this month.
“I like this level, but it didn't move much considering Bitcoin's volatility. I don't know if it's going to break or if this is going to work out.”
Next up is Celestia (TIA). It is a blockchain designed to allow almost anyone to easily and cheaply launch their own decentralized network.altcoin sherpa To tell After a strong recovery following a significant market correction, TIA now appears attractive for accumulation.
“Honestly, if I had balls of steel, I would love to try TIA around here.”
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