Altcoin Sherpa Draws The Next Moves For ADA, NEAR, ZEC, APE
A popular crypto market analyst, known as Altcoin Sherpa, projects near-term price moves Cardano (ADA), Near Protocol (NEAR), Zcash (ZEC) and ApeCoin (APE).
Cardano (ADA)
The analyst shared with his 170K followers on Twitter followers that Cardano (ADA) is not likely done moving up yet.
“ADA: I think that $1.25ish comes at a minimum. Could be pullback there and would target higher for shorts.”
$ADA: I think that 1.25ish comes at a minimum. Could be pullback there and would target higher for shorts. pic.twitter.com/0gIgBeQ4AH
At the time of writing, ADA trades at $1.19, up 30.5% on the weekly chart.
NEAR Protocol (NEAR)
Next on the list is layer 1 blockchain NEAR Protocol (NEAR). According to Altcoin Sherpa after consolidating at $12 area, NEAR looks ready to move up to $16, before rising to his target at $20.
“NEAR: The plan remains the same: Wait for consolidation at the range high around $12 and then target $16ish as long as BTC stays stable.”
$NEAR: The plan remains the same: Wait for consolidation at the range high around $12 and then target $16ish as long as $BTC stays stable. #NEARpic.twitter.com/cHvXAV01Qn
At the time of writing, NEAR trades at $12.89, up 18% on the weekly chart.
Zcash (ZEC)
Altcoin Sherpa also has his eyes on Zcash (ZEC). He expects ZEC to keep rising amid recent rallies, going all the way up to $250.
“ZEC: No clear trend on the ZEC/BTC pair, higher lows and lower highs. Potential breakout depending on how you interpret it. The ZEC/USD pair looks great still, and I think it goes to $250 eventually.”
$ZEC: No clear trend on the zecbtc pair, higher lows and lower highs. Potential breakout depending on how you interpret it. The ZECUSD pair looks great still and I think it goes to 250 eventually. #ZECpic.twitter.com/kMEEX4yGCh
At the time of writing, ZEC trades at $196, up 10% on the daily chart.
ApeCoin (APE)
Last altcoin on the analyst’s list is new crypto asset from the creators of Bored Ape Yacht Club (BAYC).
According to Altcoin Sherpa, APE chart don’t paint a clear picture, and he is waiting for a dip to make a market entry.
“Doing well today but not so sure on this one, potential shift in market structure on lower time frames. I’m still waiting for a much larger dip on this one before buying. Watch a double top if it comes.”
$APE: Doing well today but not so sure on this one, potential shift in market structure on lower time frames. I'm still waiting for a much larger dip on this one before buying. Watch a double top if it comes. pic.twitter.com/QRqoy6Xxle
