A popular crypto analyst, known as Altcoin Sherpa, is making some predictions about the future of several altcoins. Let’s dive into his thoughts:
FET: Bullish Breakout?
Sherpa believes the Artificial Superintelligence Alliance (FET) is poised for a breakout. He sees a potential bottom around $1.10, followed by a climb to $1.70. However, he’s keeping a close eye on the 200-day moving average and will exit his position if FET falls below $1.10.
WIF: More Choppy Waters Ahead
For dogwifhat (WIF), a memecoin on the Solana blockchain, Sherpa expects more sideways trading. He doesn’t see it hitting its all-time high anytime soon, suggesting investors should be patient.
INJ: Bearish Outlook
Sherpa is bearish on Injective (INJ), a layer-1 protocol. He sees a pattern of lower highs, indicating a downward trend. While he expects a bounce, he’s unsure where the bottom will be and doesn’t see it reaching its previous high in this cycle.
NEAR: Waiting for a Reversal
Finally, Sherpa remains bullish on Near (NEAR) long-term, but acknowledges the current bearish market structure. He believes NEAR needs to break through a high and print a higher low before a reversal can be considered.
Important Note: These are just predictions from one analyst. Remember to do your own research and consult with a financial advisor before making any investment decisions. /p>
