A veteran cryptocurrency analyst updates his price predictions for the 3 top-volume altcoins from the Binance listing. The latest rally in the market shows that cryptocurrencies can still recover quickly.
Altcoin Sherpa updates price forecasts for these 3 altcoins from Binance listing
Altcoin Sherpa, an anonymous crypto analyst, tweeted that he believes Elon Musk’s acquisition of Twitter will have a positive impact on Dogecoin’s price increase. The analyst noted the following in the first hours when the news resonated on social media:
It ignored the recent downward movement and continued. Normally it’s a bad sign that DOGE is the market leader, but given the Elon (Musk) thing on Twitter, I believe there are some special cases. This one still looks good in my opinion and $0.088 is on the way.
Elon Musk was the main catalyst behind last year’s Dogecoin rally. In this period, his tweets for Bitcoin triggered a bull run for the market in general. Sherpa says that Elon Musk is now planning to integrate cryptocurrencies into Twitter. In this respect, cryptocoin.comWe have transferred the documents that emerged in the Twitter-Elon Musk case.
Sherpa expects these levels for the leading altcoin
Sherpa says that he also closely follows Ethereum, which has rallied over 20% in the last week. The analyst says he expects Ethereum to rise even higher in his current tweets:
I still believe there will be more bullishness; This is because the price has been fluctuating around $1,300 for a while. I expect at least $1,600.
On the other hand, there is a decrease in the number of ETH whales and active addresses. According to data from Glassnode, the number of active addresses on the Ethereum network decreased, reaching a 3-month low on October 27.
SUSHI gains momentum again
Sherpa then claims that Sushiswap (SUSHI) will continue to grow after finding support at $1.58. The analyst predicts that the price will recover significantly after the $1.58 resistance. However, SUSHI price needs to convert this resistance to support first. According to the analyst, his next target will be the $1.87 resistance zone.
SUSHI has gained more than 70% between the low of $1.02 at the beginning of this month and the latest high of $1.74. SUSHI is currently trading at $1.72. It surpassed the $1.58 resistance indicated by Sherpa yesterday evening. According to the analyst, the next target for SUSHI price will be the $1.87 resistance area. It needs an additional rally of around 10% for that to happen.
