The widely respected cryptocurrency analyst and trader expressed bullish sentiments about Solana (SOL) rivals while offering predictions for three altcoins.
Starting with SEI, a pseudonymous analyst known as Altcoin Sherpa. says A follower of 215,200 on social media platform
According to the analyst’s chart, SEI is at the 0.618 Fibonacci retracement level and slightly below the 200 exponential moving average (EMA) on the daily chart. Fibonacci retracement levels are based on Fibonacci numbers and are used to determine support and resistance levels.
“There will obviously be a heavy reliance on Bitcoin.”
next up is Pepe (PEPE) meme coin. According to a chart from an anonymous analyst, Memcoin appears to be slightly above the 200 EMA and 0.618 Fibonacci retracement levels on the 12-hour chart.
“PEPE: It looks really scary, but many altcoins are at some decent support levels. Let’s see if they can hold out.”
Next is the governance token of the decentralized finance protocol Ethena (ENA). anonymous analyst Called He said he had accumulated ENA at a potential reversal point (just above the 0.50 Fibonacci retracement) after a correction from the all-time highs reached earlier this month.
“I like this level and I haven’t seen it move too much considering Bitcoin volatility. “I don’t know if it will break or if this will be good.”
Next up is Celestia (TIA), a blockchain designed to make it easy and inexpensive for anyone to start their own decentralized network. Altcoin Sherpa Called TIA currently looks attractive for accumulation after a strong recovery following a significant market correction.
“Honestly, if I had a hunk of steel, I would look up to TIA around here.”
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