Apecoin (APE), which has been on analysts’ radar since its launch on March 16, is poised for a major correction with 2 altcoins surging more than 100% in the past weeks, according to a popular Twitter analyst. Let’s examine the current technical analysis without forgetting that the predictions are not certain.
ApeCoin (APE), Waves and Zilliqa investors beware
As the crypto market is experiencing a slight correction, a well-known analyst has seen deep backs for Waves (WAVES), ApeCoin (APE) and another altcoin. He thinks the withdrawals will continue. According to a Twitter analyst nicknamed Altcoin Sherpa with 171,500 followers, Dapp platform Waves is poised to correct up to $20.
Altcoin Sherpa’s target represents a potential 32 percent drop from Waves’ current price of $29.41. The next altcoin on the analyst’s radar is Apecoin (APE), which was airdropped for Bored Ape Yacht Club’s NFT community. Apecoin, which has lost around 10 percent during the day, could drop to $9.50 in Altcoin Sherpa:
APE is far out of my price range; I am willing to pay much less for it. It’s about $8.00. However, there should be a rebound around $9.50 which would be a great entry. As
Kriptokoin.com, ApeCoin is trading in the 11 dollar region on April 6th. According to CoinMarketCap data, it lost 71.35% from its peak of $ 39.40 on March 17. The last altcoin on Sherpa’s list, Zilliqa (ZIL)…
Altcoin Sherpa expects a deep fix for Zilliqa (ZIL)
Smart for enterprise applications contract-capable Blockchain Zilliqa (ZIL) could face a massive correction to $0.11 after a stunning 375% increase that saw it jump from $0.05 to $0.218 in just a few days. Here are the reasons:
If you think BTC is bearish, it is better to short such cryptocurrencies instead of BTC. This is because they have already reached their bursting peaks and if BTC gets pumped it will likely fall and if BTC falls it will fall much harder. The target is $0.11.
ZIL currently costs $0.135807. The downside risk of altcoin Sherpa’s target drop is roughly 15%.
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