Widely followed cryptocurrency trader altcoin Sherpa is predicting that one hot Dogecoin (DOGE) competitor will soon experience a severe market correction.
anonymous analyst says 205,300 followers on social media platform
However, he warns that Memcoin could still see an uptick before falling.
“BONK: Maybe you should consider getting out of here (or at least partially). Further declines are expected. With that said, I wouldn’t short-circuit it. I think it could still go up to $0.0000190 before falling further. But I believe it tests much lower levels later.”
Looking at the chart, the trader suggests that Bonk will soon enter a trading range with a lower limit of $0.0000100 and an upper limit of $0.0000140.
Bonk is trading at $0.0000147 at the time of this writing, up 8,158% from three months ago.
Next is the merchant Called He is bullish on Ethereum (ETH) layer 2 scaling solution Arbitrum (ARB).
“ARB Is this chart bearish? I’m going to enter up to $2 here and I’m assuming this is a good entry. For now, we remain bullish on ETH beta.”
Arbitrum is trading at $2.30 at the time of this writing, up almost 6% in the last 24 hours.
Finally, the merchant Believe Smart contract protocol Avalanche (AVAX) could retest the lower Fibonacci retracement level and temporarily fall below $30.
“AVAX: I think many of these projects will bounce back from major lie levels. AVAX hit .382 ($34.13). Still, to be honest, I think this one trades a little lower. It will definitely stay under $30.”
Avalanche is trading at $37.46 at the time of this writing, down more than 4% in the last 24 hours.
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