Three popular cryptocurrency analysts made predictions about the future of the markets and shared their goals. The first of these wrote that the downtrend should now start for altcoins. BTC, on the other hand, is struggling to regain $ 64,000 at the time of writing. So how many dollars will TAO and ENA Coin be?
The Altcoin Bull Bull Begins
9 years old, known by the username Mustache cryptocurrency analyst and the trader said okay today. Sharing the TOTAL2 chart, which tracks the total market value of altcoins, the analyst wrote that the 8-month downward trend may now reverse after yesterday’s close. For now, BTC also supports this potential and maintains $63,500.
“TOTAL2, that is, the total market value of altcoins, escaped the 8-month downward trend in RSI with the closing of the 2-week candle yesterday. Prices need to rise.
I think altcoin season is very close. “I bet 95% of you here have no idea how crazy things could get.”
The evaluations of experts who have experienced previous major movements can benefit investors in a broader context, rather than the opinions of analysts who do not have experience of more than one cycle. Of course, these comments should not form the basis of your strategy and you should make your own analysis and evaluations.
TAO and ENA Coin
TAO Coin One of the altcoins and every fast-rising cryptocurrency that has made a splash recently has now reached the risky zone. Investors may remain cautious to identify the right top while the rally continues, but when the upper wicks begin to form, the process of accelerated sales begins and those who did not sell at the right time will regret it. Altcoin Sherpa wrote the following on this subject;
“TAO He still looks strong, but he’s approaching the danger zone and it wouldn’t be surprising if he pulls back. The new ATH is not difficult, given the attention it is currently attracting in artificial intelligence. “There are some concerns about inflation from what I’ve read, but it still looks pretty good to me in the medium term.”
If TraderXO ENA CoinHe mentioned. The analyst wrote that he expected the price to retreat and mentioned that he could evaluate possible buying opportunities between 0.26 and 0.3 dollars.
Two in a nutshell altcoin We may also see an opportunity to enter at lower levels. This would be an advantage if the altcoin bull in the first section were to start in the coming weeks, but if geopolitical tensions flare up again or bad things happen on the inflation front, you will be buying at higher levels despite the pullback. Cryptocurrencies are always full of surprises.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
