A closely followed cryptocurrency analyst and trader has made some short-term predictions for a number of altcoins, including Cardano (ADA).
Anonymous trader known as Altcoin Sherpa stated that Cardano (ADA) still has some fuel in its tank for bullishness after the recent surge. According to the Trader, ADA should continue to run to its immediate resistance before selling.
“ADA: I think it’s $1.25 minimum. There could be a pullback there and he could aim higher for the shorts.”
Next up is the decentralized application (DApp) platform Near. Altcoin Sherpa says that after consolidating around $12, NEAR could see $16 with a 30% rally before targeting $20 later.
“Near: The plan is the same: wait for consolidation in the high range around $12 and then aim for $16 as long as BTC holds steady.”
Another cryptocurrency on the analyst’s radar is privacy-focused Zcash (ZEC). Altcoin Sherpa said that ZEC is ready to continue its recent rallies strongly and will ultimately rally 25% above its current price ($204).
“ZEC: No clear trend in ZEC/BTC pair, higher lows and lower highs. Potential breakout can be mentioned, depending on how you interpret it. The ZEC/USD pair still looks great and I think it’s finally going to $250.”
Finally speaking of ApeCoin, an altcoin created for the NFT community, the analyst said:
“It’s going well today but I’m not so sure about it, the market in lower timeframes potential shift in structure. I’m still waiting for a much bigger drop on this before I buy. If he comes, follow the double hill.”
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