Crypto Analyst Predicts Bullish Price Action for Two Low-Cap Altcoins, Outlines Path Forward for Chainlink
A broadly adopted cryptocurrency analyst says he sees upside potential for two crypto property with market caps beneath $1 billion.
Pseudonymous crypto strategist Altcoin Sherpa tells his 206,800 followers on the social media platform X that he’s trying on the Solana (SOL)-based decentralized change aggregator Jupiter (JUP).
The dealer shares a chart suggesting that JUP will possible carve an area backside at round $0.50 earlier than rallying to about $0.82.
“I still think it’ll eventually go up in the short term, but after that big move up (call it $1 or more), I think it’s down only for a bit.”
At time of writing, JUP is buying and selling at $0.58, days after the token was launched amid a a extremely anticipated airdrop.
Turning to Manta Community (MANTA), Altcoin Sherpa says the native token of the privacy-focused crypto challenge could bounce on the situation that Bitcoin (BTC) doesn’t witness an enormous transfer to the draw back.
“This one might make it all the way back down to the $2.5 or lower area. New coins are still the ones to look at in my opinion. Keeping an eye but it should bounce soon as long as Bitcoin (BTC) is stable.”
MANTA is buying and selling at $3.05 at time of writing.
As for the native asset of the decentralized oracle community Chainlink (LINK), Altcoin Sherpa says the crypto asset seems to be bullish and can possible see larger costs if it takes out its rapid resistance.
“LINK: if price breaks the $18 level, I think it goes to $24 in the mid-term (or higher). Smaller levels like $20 are there too but overall, still looking strong.”
LINK is buying and selling at $17.81 at time of writing.
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