HomeBitcoinCrypto Trader Maps Way Forward For Aptos And Chainlink, Predicts Altcoins Will...

Crypto Trader Maps Way Forward For Aptos And Chainlink, Predicts Altcoins Will Fly Once Bitcoin Cools Off


A popular crypto strategist is updating his outlook on Aptos (APT) and Chainlink (LINK) as he forecasts near-term price action for the broader altcoin market.

Pseudonymous Altcoin Analyst Sherpa says Its 184,700 Twitter followers that Tier 1 blockchain and Ethereum (ETH) competitor Aptos will likely see weeks of turmoil.

According to Altcoin Sherpa, APT could witness a bullish burst once Bitcoin (BTC) catches a breather. In the short term, he expects Aptos to be between $10 and $13.75.

“APT: I expected a lot of altcoins to look like this. Chop fest and it really doesn’t do much compared to Bitcoin. Once BTC takes a break, these altcoins fly (probably a few weeks).”

Source: Altcoin Sherpa/Twitter

Aptos is trading at $12.22 at the time of writing.

Next, Altcoin Sherpa says Oracle’s decentralized service Chainlink has spent nearly a year trading sideways between a high around $9.50 and a low of $5.50. According to the analyst, he plans to accumulate LINK if he maxes out the range.

“LINK: This bullshit coin has been ranging for almost a year. I will buy after the break, not a day before. I learned my lesson last time.

Source: Altcoin Sherpa/Twitter

Chainlink is worth $7.25 at the time of writing.

Altcoin Sherpa is also keeping an eye on Fetch.ai (FET), an AI-focused cryptographic project. The cryptocurrency trader believe that FET is currently facing bullish exhaustion and could suffer significant devaluation.

“FET – I think this one goes to $0.26 or so, that’s the next liquidity area, IMO. In general, the trend seems tired. We’ll see if the AI ​​narrative has more legs.”

Source: Altcoin Sherpa/Twitter

Fetch.ai is trading at $0.37 at the time of writing.

Lastly, Altcoin Sherpa says Bitcoin’s rally may cool off soon to build a stronger base of buyers before igniting the next leg. According to the crypto strategist, a period of consolidation for BTC could open the door for altcoins to make some noise.

“Looking at the volume profile, it actually looks like there *might* be an argument for an altcoin run sooner than we think. [BTC] the price has a relative gap between $25,000 and $30,000. Typically you will see price completing that and trading happening there.

What does this mean? It means that when there is a big gap in general trading activity, traders like to “fill the gap” a bit and trade in that area. We could see a BTC range between $25,000 and $30,000 to fill this area and IMO this would result in alts flying.”

Source: Altcoin Sherpa/Twitter

Bitcoin is trading at $27,543 at the time of writing.

Don’t miss a thing: sign up to receive crypto email alerts straight to your inbox

Check Price Action

follow us TwitterFacebook and Telegram

Surf The Daily Hodl Mix

Check the latest news headlines


Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.

Image generated: halfway


Heath Tarbert joins Circle as General Counsel and Director of Corporate Affairs

In an exciting development for the global fintech industry, Circle Internet Financial has appointed Heath Tarbert as its new Chief Legal Officer and Head of...

Here is the bullish case for Ethereum Rival Solana (SOL), according to InvestAnswers

A widely followed analyst is giving a bullish outlook on the blockchain development of Ethereum (ETH) competitor Solana (SOL). In a new interview with Paul Barron,...

Rich Dad Poor Dad Author Says Biggest Real Estate Crash in History Is Coming, Calls BTC and Precious Metals the Answer

Rich Dad Poor Dad author Robert Kiyosaki once again predicts that the real estate sector will collapse and cause a severe global financial crisis. Former best-selling...

Binance Pay and Credencial Payments join forces to enable real-time crypto payments in Latin America

In a strategic alliance that aims to revolutionize the digital payments landscape, Binance Pay, the digital payments platform of the world's largest cryptocurrency exchange, Binance,...

Most Popular