A widely followed crypto trader says two top lineups have been formed for two low-cap altcoin projects.
Pseudonymous analyst and trader Altcoin Sherpa tells his 196,000 followers on social media platform X that he is watching decentralized finance (DeFi) lending platform Venus (XVS) and proof-of-work cryptocurrency Flux.
Altcoin sherpa say both coins have consolidated in top areas, right at resistance near the 200 4-hour exponential moving average (EMA), before blowing past their key levels.
“Take a look at these two trading setups with XVS and FLUX
-consolidation near resistance
– close to the 200 EMA at the 4 o’clock
-Rounded bottom
EXPLOSIVE movement through resistance.”
XVS is trading at $4.39 at the time of writing, with a market cap of $67.9 million, while FLUX is priced at $0.39 with a market cap of $100 million.
Altcoin Sherpa is also looking at COTI, a DAG (directed acyclic graph) protocol optimized for creating decentralized payment networks and stablecoins.
The trader says he is already long COTI and wants to enter at the $0.0469 and $0.0507 levels
“COTI: Trade I come from a lower…
Will bring profits all the way up”
At the time of writing, COTI is trading at $0.0426, up sideways in the last 24 hours.
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Featured image: Shutterstock/Kartavaya Olya/Sensvector
