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A popular crypto strategist and trader is charting the levels where Polkadot, The Sandbox, and three other low-cap altcoins could rebound and potentially dig funds.
Crypto analyst known in the industry as Altcoin Sherpa told his 152,600 Twitter followers that the Polkadot interoperable blockchain (DOT) could see an influx of demand once it hits the exponential moving average of 200 days (EMA), which currently hovers at $ 32.
“DOT: More consolidation expected in the $ 30- $ 40 range. The 200-day EMA should be supported here.
Source: Altcoin Sherpa / Twitter
Next, The Sandbox (SAND) blockchain-based gaming ecosystem. According to Altcoin Sherpa, he looks for SAND entries around $ 5.
“Probably one to buy the dip.” The strongest coins are redeemed the fastest.
Source: Altcoin Sherpa / Twitter
The third altcoin is CRO, the cryptocurrency that powers the Crypto.com payment, trading and financial services platform. Short-term support, according to Altcoin Sherpa, could provide relief to the CRO.
“CRO: patiently wait $ 0.60. “
Source: Altcoin Sherpa / Twitter
Another coin on the list of traders is Oasis Network (ROSE), a smart contract platform that prioritizes privacy for open finance. The crypto analyst says he expects ROSE to be around $ 0.29.
“Good first reaction to 0.618 [Fibonacci level]. It is likely that it will lower if it continues to climb sharply. I would rather see that consolidate a bit at 0.618 and then form a solid bottom for the pursuit. ”
Source: Altcoin Sherpa / Twitter
The latest coin on Altcoin Sherpa’s radar is the COTI payment infrastructure platform. The crypto analyst says COTI is currently respecting the 200-day EMA as support ($ 0.37), but adds that a new sell event may lower the token to $ 0.30.
“First good intake of the 200-day EMA. I think this one will find a short term fund around here. More support at 0.618 [Fibonacci level] although.”
Source: Altcoin Sherpa / TwitterCheck Price Action Don’t Miss a Beat – Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check Latest News Headlines Disclaimer: Opinions expressed at Hodl Daily are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.
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