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Crypto currency markets’ well-known analyst Altcoin Sherpa shared his bullish predictions for an altcoin operating within the Bitcoin (BTC) ecosystem.
Opportunity to Enter STX
The crypto currency analyst, known by the pseudonym Altcoin Sherpa, told his followers on social media platform X that Stacks (STX) has more upside potential, stating the following:
An entry at around $1.75 for STX would have been perfect. Eyes on this altcoin. I think there’s a lot of room to really work.
Sharing the crypto currency’s chart, the analyst suggested that STX may retest the $1.73 support level before rising. Stacks aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin. STX reached a low of $1.68 in the last 24 hours and was trading at $1.90 at the time of writing. The senior analyst later emphasized his belief that Sei Network (SEI), a competitor to Solana (SOL), remains in an uptrend, stating the following:
I would like to see SEI return to the 0.382 ($0.58) level from its current position and consolidate as it did around $0.22. The uptrend continues until proven otherwise, but some cooling off wouldn’t be a surprise.
Price Analysis for BONK
Moreover, SEI was trading at $0.78, up 17% in the last 24 hours at the time of writing. Lastly, the analyst concluded his remarks by stating that the meme token Bonk (BONK) could soon reach two higher price targets:
It makes sense for BONK to bounce from its recent low. I personally did not invest. If you’re coming from above (or below), I think you’ll eventually catch a good opportunity for a dead cat bounce. I would be a seller around $0.0000163 and also $0.0000180.
