A widely followed crypto analyst is turning bullish on Cosmos (ATOM) as the altcoin space begins to take off.
Pseudonymous crypto strategist Altcoin Sherpa tells According to its 201,100 followers on social media platform
“ATOM: Coins like ATOM are laggards, but are finally waking up a bit. I will probably keep an eye on this one and expect $15 to come if BTC plays well.”
The trader’s chart suggests that ATOM is in an uptrend after breaking an accumulation range between around $8 and $9, and could be heading towards the next major resistance area around $15.40.
ATOM is trading at $11.75 at the time of writing, up 18.7% in the last 24 hours.
Then the trader say that Solana-based (SOL) memecoin and Dogecoin (DOGE) rival Bonk (BONK) could move higher.
“BONK: next stage coming?
Probably good to have some exposure to this meme. I’m already completely out of position, but I’m thinking about coming back in.
Looking at the trader’s chart, he suggests that BONK could soon cross the $0.00001500 level.
Bonk is trading at $0.00001157 at the time of writing, down 2.3% in the last 24 hours.
Finally, the trader say he is bullish on Ethereum (ETH) and believes it could cross key levels to the upside at $3,050 and $3,522 after the $2,100 level turns into support.
“ETH: I still think Ethereum is one of the easiest transactions you can do. It consolidated below the $2,000 mark for nearly two years and eventually out of that range. This will definitely catch up and I think ETH/USD will go to $3,000 in the coming months.”
Ethereum is trading at $2,190 at the time of writing, down 1.2% in the past 24 hours.
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Featured image: Shutterstock/lucky vectorstudio/LongQuattro