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A popular analyst offers an update on price targets for a handful of crypto assets as markets battle to end the week in positive territory.
The pseudonymous trader known as Altcoin Sherpa To tell His 181,400 Twitter followers believe Bitcoin (BTC) is strong enough to recapture $28,000 in the near future after a week of choppy price declines.
For now, we expect this low to continue. We are hoping to see sustained highs, but we assume $28,000 is coming until we show otherwise.
Bitcoin is still trading on the day, at $23,430, down 7% from its weekly high of $25,203.
chart leader investigate Ethereum (ETH) to Bitcoin trading pairs hit the spotlight in May 2021 and January of this year, with ETH also worth around 0.082400 BTC.
What do we think, will this be high? ETH/BTC is still showing incredible strength.
I think we’re mostly done with the merger story, but this one could still hit a high.
Ethereum is currently up 2.45%, trading at $1,866, but worth 0.078573 BTC against Bitcoin.
Next up for analysts is BNB, the native token of popular crypto exchange Binance.Altcoin Sherpa highlight The $260-$322 price range dates back to October of last year, and he said he sees the possibility of returning to around $250.
“The mid-$200s might be interesting here, but it’s still one of the best performing alternatives overall.”
Over the past few days, BNB has slowly given up some of the big gains it made over the weekend since late July.
Dog-Themed Meme Coin Shiba Inu (SHIB) Moves To Analysts To tell If Bitcoin and Ethereum don’t falter, we expect another rise from Dogecoin (DOGE) competitors.
I still stand my ground and believe that as long as BTC and ETH remain stable, another leg will come up.
At the time of writing, the Shiba Inu is down nearly 5% and is priced at $0.000015. Altcoins surged 80% from Aug. 9 to Aug. 14, rising from $0.000010 to $0.000018.
Finally, Optimism (OP), a layer 2 scaling solution for Ethereum.crypto strategist follow up He recently said he expects prices to fall below $1 after the altcoin surged in July.
“Squiggly is going according to plan. Unfortunately, I wasn’t paying attention and didn’t do the short.
If ETH and BTC hold up before they bleed further, we’re probably expecting another terrible bounce here.
Optimism dipped below $0.50 in mid-July before rising to $2.24 on August 3 in a series of gains.
Since then, the altcoin has been slowly declining, currently down 2.42% over the past 24 hours with an asking price of $1.33.
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