Today, altcoins are experiencing a general decline, significantly influenced by losses in BTC prices. This article reviews the latest predictions for altcoins from various experts. The charts shared provide valuable insights by allowing different perspectives on the current situation, emphasizing the need for traders to develop strategies based on their research.
Comments on Altcoins
In today’s assessment, Michael Poppe highlighted his selective approach towards altcoins. He indicated a preference for new altcoins, suggesting that they may yield better profits compared to older cryptocurrencies. Considering the past successes of SOL Coin and others during previous bull seasons, this perspective seems justified.
“This does not mean older coins cannot break their all-time highs. They certainly can, but I expect their percentage returns to be lower.”
Analyst known as Kaduna mentioned the following regarding BTC;
“BTC has completed a higher high. Now, a possible pullback for a higher low is expected (hopefully not).
I have moved my stops on Sui and Apt long positions to profit. I am maintaining my spot positions and shorts.”
FTT and SUI Coin Insights
The FTX exchange is set to begin refunds, and FTT tokens, valued at half a billion dollars, have been officially deemed worthless by the court. Nevertheless, FTT traders remain optimistic about a long-term recovery despite the exchange’s bankruptcy. In his recent analysis, Tony suggested that those looking to participate in speculative rises could enter at $2.50, sharing the following chart.
The long upper wicks here indicate that those selling at the right time could profit from speculative movements. Analyst ANBESSA shared a chart for SUI Coin, expressing satisfaction with over 100% gains. Recently, many analysts mentioned that the rally could extend, and indeed, it has.
“- After taking profit on half at 75, I took profit on more than half again after the break below $2.18.
– The trend remains above the Tenkan-Sen support (blue line).
– Add back above the recovery of horizontal $2.18 or a healthy pullback to $1.42.”
