- Altcoin Sherpa, bearish on three altcoins, also warns of a possible BTC price crash.
- Bank of America analysts say BTC’s movements compared to other assets shows it might become a haven again.
Altcoin Sherpa, a famous anonymous crypto analyst, has revealed that he is bearish on three altcoins – Fantom (FTM), Injective Protocol (INJ), and Near protocol (NEAR). He tweeted that the governance token of smart contract-enabled blockchain fantom (FTM) is NEAR collapse.
Sherpa also holds a similar view about the native token of decentralized -derivative exchange, Injective Protocol (INJ). However, he added that he’s about to exit his trade position in INJ because of a huge selling trend.
$INJ: The gift that keeps on giving so far but this entire area is a big supply zone. With that said, it’s been tapped several times the last few weeks and I think a lot of sellers are gone around $2. I’m riding this one until $2.50, entry around $1.80 #INJUSDT pic.twitter.com/nAtIpm1tX1
— Altcoin Sherpa (@AltcoinSherpa) October 8, 2022
Regarding NEAR (the native token of the decentralized app platform, the Near protocol), sherpa explained why he is bearish about it. However, he said that NEAR’s weak price resistance at this time might cause it to drop lower. Altcoin Sherpa also shares his prediction about Bitcoin’s price.
Sherpa predicts a decline in BTC’s price because it has been trading in the $19,000 range for four months. He further explained that it is likely that Bitcoin will test three lower price levels based on previous trends.
$BTC: I think that this one is just going to keep chopping. I don’t see any real direction in the short term; looks like it’s probably headed back to the demand area around $18.8k. #BTC #Bitcoin pic.twitter.com/jmAXJK9Tvm
— Altcoin Sherpa (@AltcoinSherpa) October 19, 2022
Sherpa is famous for its near-accurate predictions of the price…
