Altcoins
Analyst says altcoin that’s surged over 120% in two weeks is poised for another rally, updates Shiba Inu outlook
A widely followed cryptocurrency analyst says that an altcoin that has seen gains of more than 120% in two weeks is preparing to continue its upward momentum.
In a new strategy session, pseudonymous cryptocurrency trader Altcoin Sherpa tells his 217,800 followers on the social media platform X that Cosmos (ATOM)-based on the GameFi Dydimension project (Dynamics) looks set to skyrocket again.
“I was going to buy and then got out for 30 minutes. When you see price action like this after a big rally, another push is coming. DYM.”
Source: Altcoin Sherpa/X
According to the trader’s charts, he believes that DYM will soon reach a price of $2.25. DYM is trading at $2.20 at the time of writing, a gain of 13.9% in the last 24 hours. On July 5, it was valued at $0.993.
Moving on to the Shiba Inu dog themed meme (SHIBAS), Altcoin Sherpa He says that things are looking worrisome for memecoin after WazirX, an India-based cryptocurrency exchange, was hacked for hundreds of millions of dollars.
“SHIB: Too bad about the hack, I hope they find a way to prevent the sell-off somewhere. If this does sell-off, I think a move into the old 700-1200 trading range would be a good place to buy. Scary stuff right now.”
Source: Altcoin Sherpa/X
Shiba Inu is trading at $0.000017 at the time of writing, a decline of 9.6% in the last 24 hours. Concluding his analysis Solana (SOL), the merchant says that imagine slow and steady growth for the smart contract platform in the near future.
“SOL: Everything is still great with SOL and I expect it to continue to grind. $175 seems like the next interesting level, but don’t expect this to put in 20% candles or anything like that just yet. Just a slow and steady grind.”
Source: Altcoin Sherpa/X
At the time of writing, Solana is trading at $156.53, down 1% from yesterday.
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