Altcoin Sherpa Looks Into The Upside Potential Of SOL, APE, BTC, ZEC
A widely followed pseudonymous crypto analyst, known as Altcoin Sherpa is looking into the upside potential of Solana (SOL), Apecoin (APE), Bitcoin (BTC) and Zcash (ZEC).
Solana (SOL)
The analyst shared with his 170.4K followers on Twitter followers that he expects the native coin of smart contract platform Solana (SOL) to move way above $100 levels.
“It’s important to note this hasn’t broken any market structure to the upside yet but I still think this is a short-term bottom.I’ve gone back and forth on this idea but I think it looks ok still. Expecting mid $100s.”
$SOL: It's important to note this hasn't broken any market structure to the upside yet but I still think this is a short term bottom. I've gone back and forth on this idea but I think it looks ok still. Expecting mid $100s. #Solanapic.twitter.com/catyRuKLt2
At time of writing, SOL is trading at $103, up 8.2% on the daily chart.
ApeCoin (APE)
Another digital asset on the analyst’s radar is ApeCoin (APE), which is a new crypto asset from the founders of the NFT collection Bored Ape Yacht Club (BAYC).
“Entering the supply zone, be careful of low $13s.Probably one to consider buying a dip on but expecting a lower high personally. Will buy a dip as a scalp.”
$APE: Entering the supply zone, be careful of low $13s. Probably 1 to consider buying a dip on but expecting a lower high personally. Will buy a dip as a scalp. #APEpic.twitter.com/dSGn7lXShy
APE was launched on March 17th with a starting price of $7.40. It quickly jumped up to $17.17, and then corrected to its current level of $12.9.
Bitcoin (BTC)
Next up is the leading crypto asset Bitcoin (BTC). According to Altcoin Sherpa, BTC’s 200-day exponential moving average (200D EMA) is signaling that over the next couple of months Bitcoin could potentially see a nice uptrend.
“The last few times Bitcoin has crossed above the 200D EMA bullishly, good things have happened. We’re close to that point.IMO (in my opinion) we go up for the next 1-2 months but still waiting for confirmation.”
$BTC: The last few times #Bitcoin has crossed above the 200D EMA bullishly, good things have happened. We're close to that point. IMO we go up for the next 1-2 months but still waiting for confirmation. pic.twitter.com/GLZPtUEAFf
At the time of writing, BTC is trading at $43,950, up 2.5% on the daily chart.
Zcash (ZEC)
Altcoin Sherpa also has his eyes on the decentralized payment system Zcash (ZEC). The analyst seemingly doesn’t view ZEC as credible crypto project, but reluctantly notes that the charts are showing upside potential.
“ZEC. Can’t believe this shitcoin is doing so well. Everyone who has been in crypto a while has a ZEC story.I think this one looks decent (I hate to say it). Flip this level and there isn’t much resistance until $200.”
$ZEC: Can't believe this shitcoin is doing so well. Everyone who has been in crypto a while has a ZEC story. I think this one looks decent (I hate to say it). Flip this level and there isn't much resistance until $200 #ZECpic.twitter.com/R9u33NuTiO
