The cryptocurrency market maintains its upward outlook for now with Bitcoin’s show of strength. Some altcoins have attracted attention with their recent rise. However, the upward horizon for these may not be over. A cryptocurrency analyst with a wide following shared his views on 3 altcoins. The analyst expects one of them in particular to explode in the coming months.
Analyst says he made good profits from ORDI!
As you follow from Kriptokoin.com, the market consolidates after the run. Although the leading crypto Bitcoin fell below $ 44 thousand, it did not see a deep decline. While Bitcoin is gathering strength just above $43,000, some tokens are continuing their way. Ordinals (ORDI), a token focused on Bitcoin’s (BTC) ordinals protocol, looks set to rise above $60, where it will begin to break out of trading, says a crypto analyst nicknamed Altcoin Sherpa. The analyst shares the following comment:
ORDI: I bought it today for $47. I missed the rally at $42 but all is well. I love these setups; these are my favorite. I’ll be out of $60 soon.
Source: Altcoin SherpaMeanwhile, ORDI retreated after rising above the analyst’s target during the day. At press time, the token was trading at $57, up 23% on a daily basis. The token increased by approximately 190% on its monthly chart.
These levels are suitable for entry points for this altcoin
Altcoin Sherpa then moves on to Stacks (STX), a project that aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin. The analyst gives investors a potential entry point to go long. For this, he says they should look at the range between 0.84 and 0.94 dollars. In this regard, the analyst makes the following statement:
STX: I will be watching this trade setup around $0.94. Half there and half at $0.84, .50 [Fibonacci level] of the range. favorite setup here.
Source: Altcoin SherpaMeanwhile, STX was trading at $1.01, down 1.05% over the last 24 hours. The token gained over 44% on its weekly chart. It also made 53.5% progress in the green zone during the monthly time frame.
Altcoin Sherpa: BEAM will rise rapidly!
Finally, the analyst moves on to the token where he expects a boom. In this regard, the analyst says that he is also keeping an eye on the crypto gaming project Beam (BEAM). Altcoin Sherpa expects the token launched by the Merit Circle decentralized autonomous organization (DAO) to soar in the next few months. In this context, the analyst makes the following statement:
BEAM: I use the old MC (Circle of Merit) chart from Kraken. Because it has price history. The current field is at a standstill with past wicks. However, I expect this to move much higher in the coming months. I have a bag and it’s a good way to get exposure to many crypto gaming projects.
Source: Altcoin SherpaMeanwhile, BEAM was trading at $0.01642 at the time of writing, up 7.8% on a daily basis. The token is also up over 77% on its weekly chart.
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