Altcoin Sherpa Projects Bottom For NEAR, Updates ATOM And GRT
According to a popular crypto analyst known as Altcoin Sherpa, Near Protocol (NEAR) could be bottoming out soon. He also updates Cosmos (ATOM) and The Graph (GRT).
Near Protocol (NEAR)
The analyst shared with his 174.5K followers on Twitter that Near Protocol (NEAR) is likely close to printing a local bottom.
“I was horribly wrong on this one, sorry guys.I’m guessing this finds a short-term bottom around here to $10. It’s a current demand area, and this is also a PoC (point of control) / 200D EMA ( 200-day exponential moving average) on volume profile.”
$NEAR: I was horribly wrong on this one, sorry guys. I'm guessing this finds a short term bottom around here to $10. it's a current demand area and this is also a PoC / 200D EMA on volume profile. I'm mostly just holding this one tbh for the next few weeks while I travel. #NEARpic.twitter.com/HcoDseSJiy
At time of writing, NEAR trades at $12.00, up 15% on the daily chart.
Cosmos (ATOM)
Next on the list is Cosmos (ATOM), a decentralized network that provides tools for developers to create interoperable blockchains. The analyst notes that along with other altcoin ATOM looks “awful.” However, he believes that ATOM will stage a relief rally soon.
“Goes without saying but most alts are looking awful and losing important levels. I do think there should be a temporary bounce soon for many of these, but I don’t expect any change in market structure until BTC stabilizes.”
$ATOM: Goes w/o saying but most alts are looking awful and losing important levels. I do think there should be a temporary bounce soon for many of these but I dont expect any change in market structure until btc stabilizes. pic.twitter.com/sPLPJMCmf0
At the time of writing, ATOM trades at $18.29, up 1.7% on the daily.
The Graph (GRT)
The third coin on Altcoin Sherpa’s list is indexing protocol The Graph (GRT). According to the analyst, GRT signaling strength and should clear out its immediate resistance at $0.394, in order to launch approximately 30% rally.
“If you flip this level I think we see $0.51. Kind of weird to see this one doing well lately, but it does look like a temporary bottom is in.”
$GRT: If you flip this level I think we see $.51. Kind of weird to see this one doing well lately but it does look like a temporary bottom is in. pic.twitter.com/FvOSUkpTI4
