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Popular analysts are jumping into price charts to offer three crypto asset updates when the market is chilling.
Pseudonym Analyst Altcoin Sherpa To tell His 180,500 Twitter followers will be cautious in the future as the 2002 Bitcoin (BTC) trend so far has declined even further after each integration event.
“Is this different? I don’t know. With all the integrations, this year’s Bitcoin is even worse.
Probably the safest and wisest approach, assuming the same thing happens [in my opinion].. “
At the time of writing, Bitcoin is trading for $ 20,954. BTC temporarily exceeded $ 24,000 on July 20, but has been steadily declining since then.
The next analyst’s radar is the smart contract platform Solana (SOL).Altcoin Sherpa To tell Despite the recent price peak, SOL’s 4-hour exponential moving average (EMA) could drop altcoin from about $ 30 to $ 32 before establishing a new support zone, he said. I believe.
“It’s the first high in a few months, but you have to keep it low to be considered bullish. [market structure] In a lower time frame.
Doesn’t look good [to be honest]All 4-hour EMAs turned bearish. The low price of $ 30 could be the next area of support. “
Solana is currently valued at $ 35.33.
At the end of the chart’s guru watchlist is ApeCoin (APE), a branch project of the Bored Ape Yacht Club (BAYC).Although he remains bearish look With a candle of the day, traders plan some Fibonacci levels where APE may be able to succeed in some quick rallies.
“Still bearish [market structure] Regarding 1D, I think the next area is interesting for short-term bounces. “
ApeCoin has fallen more than 10% on the day, changing hands for $ 5.68.
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Featured image: Shutterstock / Tithi Luadthong
