A closely watched crypto analyst says an altcoin that has posted gains of more than 120% in two weeks is gearing up to continue its upward momentum.
In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells Its 217,800 followers on the social media platform
“Went to buy and then got out for 30 minutes. If you see price action like this after a big run, there will be another rise. DYM.”
According to the trader’s charts, he thinks DYM will soon reach a price tag of $2.25. DYM is trading at $2.20 at the time of writing, a gain of 13.9% over the last 24 hours. On July 5, it was valued at $0.993.
We continue with the dog-themed Shiba Inu (SHIB), Altcoin Sherpa meme item say that things are looking scary for the memecoin after WazirX, a crypto exchange based in India, was hacked for hundreds of millions of dollars.
“SHIB: really shame about the hack, I hope they figure out a way to prevent the sale somewhere. If this does indeed sell off, I think an entry within the old trading range of 700-1200 would be a good place to start buying. Scary things right now.”
Shiba Inu is trading at $0.000017 at the time of writing, down 9.6% over the last 24 hours. Concluding his Solana (SOL) analysis, the trader says yes for eyes slow and steady growth for the smart contract platform in the near future.
“SOL: Everything is still good with SOL and I expect it to deteriorate further. $175 seems like the next interesting level, but don’t expect it to produce 20% candles or anything like that from here on out. Just a slow, steady grind.”
Solana is trading at $156.53 at the time of writing, down 1% on the day.
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Featured image: Shutterstock/tunnelmotions/Nikelser Kate