A popular analyst provides price target updates for a handful of crypto assets as markets battle to end the week in positive territory.
The pseudonymous trader known as Altcoin Sherpa declare to his 181,400 Twitter followers that after a week of choppy downward movement, he still thinks bitcoin (BTC) has enough strength to regain $28,000 in the near future.
“I still expect this low to hold for the time being. I would like to see a sustainable higher high, I will always assume $28,000 is ahead until proven otherwise. »
Bitcoin is trading flat on the day, but at $23,430 it remains down 7% from its weekly high of $25,203.
The Next Chart Guru examined Ethereum (ETH) versus Bitcoin trading pair, drawing attention to May 2021 and January of this year where ETH was also worth around 0.082400 BTC.
“What do we think, will it go to the top? ETH/BTC again showed incredible strength.
While I think the bulk of the fusion narrative is done, it could still go for the highs. »
Ethereum is currently up 2.45% and trading at $1,866, while against Bitcoin it is worth 0.078573 BTC.
Next on the analyst’s radar is BNB, a native token of popular cryptocurrency exchange Binance. Altcoin Sherpa highlights the $260-$322 price range since last October, while clarifying that he is eyeing a potential return to around $250.
“The mid-$200 might be interesting for this one, it’s still one of the best performing alts overall. »
In recent days, BNB has slowly given up some of the strong gains made between late July and last weekend. It is down 7.7% from Sunday’s high of $331.08 and is currently trading at $305.39.
As for the Shiba Inu (SHIB) mimetic coin, the analyst said the stock was down 7%. said that he expects another rally from competitor Dogecoin (DOGE) if Bitcoin and Ethereum do not falter.
“I stand my ground and still think another leg up will come as long as BTC and ETH stay stable.”
At the time of writing, Shiba Inu is down almost 5% and priced at $0.000015. The altcoin saw an 80% rally between August 9 and August 14, rising from $0.000010 to $0.000018 before correcting.
Finally, Optimism (OP), a Tier 2 scaling solution for Ethereum. The Crypto Strategist follows on his recent call to short the altcoin after its significant rally during July, now saying he expects the price to fall below one dollar.
“Squiggly is going as planned. Unfortunately, I was not paying attention and did not execute my short position.
I expect another shitty bounce around here if ETH and BTC hold ahead of another nukage. This thing is going 1>, short easy in my opinion. ”
Optimism’s value was below $0.50 in mid-July before a series of rallies sent it up to $2.24 on August 3.
The altcoin has since slowly trended lower, currently in the red 2.42% over the past 24 hours with an asking price of $1.33.
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Here’s the future of bitcoin, ethereum, Binance coin and a big rival dogecoin, according to a cryptocurrency trader. – Essonne Info
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