Pseudonymous crypto analyst Altcoin Sherpa remains largely bearish in the market despite the general price rally over the past week.
“The latest high, while technically higher, is unconvincing, and I think there is a good chance that this low will be broken at $22,000.”
BTC is trading at $23,429 at the time of writing.
“I haven’t seen a clear higher top on this latest move. The best we’re getting is some sort of consolidation pattern going [in my opinion]doesn’t seem clear to me.
Solana is trading at $40.23 at the time of writing.
OP is trading at $1.91 at the time of writing. The 116th-ranked crypto asset by market capitalization is up more than 18% in the past 24 hours.
LOOKS is trading at $0.380175 at the time of writing.
Conversely, however, Altcoin Sherpa is more bullish on SNXthe native token of Synthetix, a protocol that allows the issuance of synthetic assets tradable on Ethereum, such as commodities or indices.
“I’ve been patiently waiting for this level and I think it’s going to go up, that said it’s still going to depend on BTC. I still think it’s looking pretty good.
SNX is trading at $3.84 at the time of writing.
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