Two cryptocurrency analysts have expressed their opinions for 4 altcoins. They especially urge their followers to be careful. Let’s see what analysts have to say.
Altcoin BNB alert
The analyst named Altcoin Sherpa addresses his 195,900 Twitter followers. According to altcoin Sherpa, BNB will drop if the current support level cannot be maintained. Accordingly, it will revisit the lowest levels reached in June 2022. The decrease will be around 20%.
Altcoin Sherpa thinks that $180 and gold will be seen at this point. According to him there is a lot of Fear, Uncertainty and Doubt (FUD) here. He states that he cannot stay here for long in such a situation. BNB is trading at $244 at the time of this writing.
Warnings for Altcoin Avalanche
Next up is Avalanche (AVAX). Predicting that Ethereum’s rival may appreciate in the medium term, Altcoin Sherpa warns. Avalanche states that caution should be exercised as it is below the 200-period exponential moving average (EMA).
Altcoin Sherpa at this point “AVAX: The 200-day EMA is right here. So be careful. However, I think it will increase even more in the medium term.” says. Avalanche is trading at $14.28 at the time of this writing.
Cosmos alert
Returning to Cosmos (ATOM), Altcoin Sherpa says that the 26th largest crypto asset by market capitalization faces dim prospects in the short to medium term.
Altcoin Sherpa “ATOM: I don’t see this as a really great thing in the short or medium term. The basics are fine. But as of now I don’t see any reason to buy it. ATOM performed excellently in 2021. But I think it will continue to be consolidated for a while.” says. Cosmos is trading at $9.52 at the time of this writing.
Michaël van de Poppe made new statements
Cryptocurrency analyst Michaël van de Poppe addressed his 660,100 Twitter followers. Accordingly, he says that Bitcoin (BTC) is on the verge of a move that will strengthen the crypto markets. According to Poppe, this movement will start when the $ 30,500 levels are crossed.
Taking a closer look at BTC, Van de Poppe states that there will be a decline before it rises. He highlights that BTC is prone to fall once again before breaking the critical zone. BTC is worth $29,714 at the time of this writing. Accordingly, it decreased by 3% last week.
Poppe also emphasizes the altcoin Chainlink (LINK). He expects the Ethereum (ETH)-based altcoin to expand further. Also looking at altcoin Stellar, Poppe says he missed the $0.12 trade for XLM. According to the analyst, the $0.14 zone is a good entry zone. Poppe states that if there is an opportunity, he will look at long positions at $0.14. Altcoin XLM is trading at $0.163 at the time of this writing. On the other hand, it increased by 15% in the last 24 hours.
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