Altcoin Sherpa Draws Support For ADA, DOT, LUNA, ATOM, DOGE, AXS & LINK
A prominent crypto market analyst and trader, known as Altcoin Sherpa, identifies support levels for Ethereum rivals Cardano (ADA), Polkadot (DOT), Terra (LUNA) and four other crypto assets: Cosmos (ATOM), Dogecoin (DOGE), Axie Infinity (AXS) and Chainlink (LINK).
Cardano (ADA)
Altcoin Sherpa shared with his 165.9 followers on that he believes ADA will find support at $0.40 from where it could potentially start ascending.
“ADA: since everyone’s exposed to just altcoins, I’m going to be doing a bunch of alt charts where I think decent support is. That doesn’t mean that there won’t be bounces before this time but these are meaningful levels of support where prices could eventually go.
Support: $0.40.”
$ADA: since everyone's exposed to just altcoins, I'm going to be doing a bunch of alt charts where I think decent support is. That doesn't mean that there wont be bounces before this time but these are meaningful lvls of support where price could eventually go.
According to the pseudonymous analyst, the $1.00 level for ADA could hold. However, if it fails, ADA might fall down to $0.40 level.
Polkadot (DOT)
Next up in the analyst’s list is interoperable blockchain Polkadot (DOT), which could find support at $15, he projects.
“Support: $15”
$DOT: since everyone's exposed to just altcoins, I'm going to be doing a bunch of alt charts where I think decent support is. That doesn't mean that there wont be bounces before this time but these are meaningful lvls of support where price could eventually go.
Altcoin Sherpa is also looking into decentralized parallel blockchain network Cosmos (ATOM), which he sees falling as low as $23, where it finds support.
“Support: ~$23”
$ATOM: since everyone's exposed to just altcoins, I'm going to be doing a bunch of alt charts where I think decent support is. That doesn't mean that there wont be bounces before this time but these are meaningful lvls of support where price could eventually go.
Next on the list is the native token of decentralized finance (DeFi) payment network Terra (LUNA). The key support level for LUNA is somewhere between $30 to $40, the analyst notes.
“Support: $30-$40”
$LUNA: since everyone's exposed to just altcoins, I'm going to be doing a bunch of alt charts where I think decent support is. That doesn't mean that there wont be bounces before this time but these are meaningful lvls of support where price could eventually go.
Altcoin Sherpa is also looking into Dogecoin (DOGE), which could begin a sell-off event if it falls below $0.128 level.
“Support: $0.05.”
$DOGE: since everyone's exposed to just altcoins, I'm going to be doing a bunch of alt charts where I think decent support is. That doesn't mean that there wont be bounces before this time but these are meaningful lvls of support where price could eventually go.
Next up is the GameFi token AXS of the play-to-earn Axie Infinity. According to Altcoin Sherpa AXS could fall as low as $35, before finding support.
“Support $35”
$AXS: since everyone's exposed to just altcoins, I'm going to be doing a bunch of alt charts where I think decent support is. That doesn't mean that there wont be bounces before this time but these are meaningful lvls of support where price could eventually go.
Lastly Altcoin Sherpa turns his focus on decentralized oracle network Chainlink (LINK). Potential support level would be found at $12, he opines.
“Support $12”
$LINK: since everyone's exposed to just altcoins, I'm going to be doing a bunch of alt charts where I think decent support is. That doesn't mean that there wont be bounces before this time but these are meaningful lvls of support where price could eventually go.
