A widely followed cryptocurrency analyst and trader is bullish on Bitcoin (BTC) while offering his outlook on three altcoins.
The pseudonymous analyst known as Sherpa tells his 224,200 followers on social media platform and 200 periods. moving averages on the daily chart.
The pseudonymous analyst says:
“A big move coming, probably upward.”
Bitcoin is trading at $62,150 at the time of writing.
Next up is the layer 1 altcoin Sui (SUI). According to Sherpa, Sui has witnessed “insane” price action over the past two weeks. The widely followed analyst, however, claims that Sui’s supply will increase in the future.
“This makes for a great trade, but may not be the best take given the unlocks.”
Sui is trading at $1.92 at the time of writing, up over 100% in the last 30 days.
Next up is the native token of the Aptos Layer 1 (APT) blockchain. The pseudonymous analyst says:
“APT: I don’t know how this will play out in the long term, but it looks really strong in the short term. This would probably be a good spot trade here where you sit on it and wait for it to hit $10 and up. Decent piece.
Aptos is trading at $9.12 at the time of writing, up almost 50% in the last 30 days.
Next up is the Ethereum Eigenlayer (EIGEN) restoration protocol. Sherpa says the relatively new replenishment protocol is at a crossroads.
“Better to wait for the real break and get on the train later in my opinion. We will see if this really has sustained momentum.
Eigenlayer is trading at $4 at the time of writing.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct 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 losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: SLAB-2
