Crypto analyst and trader Altcoin Sherpa, who is closely followed for his accurate predictions, has revealed that he has put two low-market-cap altcoins on his radar. The analyst predicts that these altcoins are either hitting rock bottom or about to, and expects them to make significant breakthroughs. Here are the altcoins on Altcoin Sherpa’s radar.
Altcoin Sherpa: XVS and FLUX Hit Bottom
Anonymous crypto analyst and trader Altcoin Sherpa stated that he is closely monitoring decentralized finance (DeFi) credit platform Venus (XVS) and Proof of Work-based altcoin Flux (FLUX) on social media platform X.
Altcoin Sherpa pointed out that both altcoins are consolidating in key areas above the 200 Exponential Moving Average (EMA) on the 4-hour price chart without surpassing their crucial levels. He used the following words:
XVS and FLUX should be closely watched. They are consolidating near their immediate resistance levels. This resistance is located just above the 200 EMA on the 4-hour time frame. It seems like they are forming a bottom. I believe both will break through the resistance with a significant surge.
The altcoin on the analyst’s radar, XVS, was trading at $4.39 with a market cap of $67.9 million at the time of writing, while FLUX was priced at $0.39 with a market cap of $100 million. Looking at the price charts shared by the analyst, it can be seen that XVS is expected to hit around $4 before rebounding, and FLUX is predicted to have already hit rock bottom.
Analyst Keeping a Close Eye on COTI
Altcoin Sherpa is also closely monitoring COTI, a DAG protocol optimized for creating decentralized payment networks and stablecoins. The analyst revealed that he already holds COTI and plans to exit at levels of $0.0469 and $0.0507.
According to CoinMarketCap data, COTI is currently trading at $0.04118740 with a 3.3% decrease in the last 24 hours.
