Trader Says Altcoin From Bitcoin Ecosystem Has a Lot of Room To Run, Updates Outlook on SEI and BONK
Broadly adopted crypto dealer Altcoin Sherpa is bullish on one altcoin working within the Bitcoin (BTC) ecosystem.
The pseudonymous analyst tells his 205,000 followers on the social media platform X that Stacks (STX) has extra upside potential.
“STX: entry at $1.75 or around there would be excellent. Eyes on this one. I think it’s really got a lot of room to run.”
Taking a look at his chart, the dealer means that STX may retest the $1.73 help degree earlier than bouncing.
Stacks is a mission that goals to allow sensible contracts and decentralized finance (DeFi) functions on Bitcoin.
STX is buying and selling for $1.90 at time of writing, after reaching a low of $1.68 within the final 24 hours.
Subsequent up, the dealer believes the Solana (SOL) competitor The Sei Community (SEI) stays in an uptrend.
“SEI: I would like to see it come back to the .382 ($0.58) level here again and consolidate, similar how it did around $0.22. Still bullish until shown otherwise here but wouldn’t be surprised to see a little cooling.”
SEI is buying and selling for $0.78 at time of writing, up greater than 17% within the final 24 hours.
Lastly, the dealer predicts memecoin Bonk (BONK) may quickly hit two larger value targets.
“BONK: makes sense that BONK bounced at the recent low. I didn’t personally play it. If you’re in this from higher (or lower), I think that you’re going to get a good opportunity for some dead rally coming (eventually). Would be a seller around $0.0000163 and also $0.0000180ish.”
BONK is buying and selling for $0.0000161 at time of writing, up 15% within the final 24 hours.
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