Altcoins

Analyst Maps Next Levels For BTC, DOT, FTT & ATOM!

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 16, 2022

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While Bitcoin price has dropped below $20,000, a renowned crypto analyst and trader claims to be waiting for the right action to predict BTC price.

An anonymous trader who is known as altcoin sherpa , informs his 183,100 fanbase over Twitter that Bitcoin’s price action is unpredictable as its hit with pump and dump pattern.

He says that for a few days this kind of momentum is happening on a lower scale and can’t be predicted until BTC claims some stability.

At the time of writing, Bitcoin is selling at $19,851 after a plunge of 1.53% over the last 24hrs.

Cosmos (ATOM)

Next, the analyst talks about Cosmos (ATOM) which is a layer-1 blockchain.com platform. In recent times, Cosmos’ price is seeing a rise amidst a bear market.

As per Sherpa, there has been a lot of movement near 200D (Exponential Moving Average) currently and the currency should flip to know its further movement.

Currently, Cosmos (ATOM) is trading at $15.64 with a jump of 7% in the last 24hrs.

Polkadot (DOT)

The next currency that has grabbed the analyst’s attention is one of the Ethereum competitors, Polkadot (DOT).

He claims that Polkadot has been facing a downward trend for a few months and asks his followers if this is an accumulation period or a halt before another decline.

FTX Token (FTT)

Altcoin Sherpa concludes his analysis with FTX exchange’s native coin, FTX Token (FTT), which is an Ethereum-based altcoin.

He refers to FTX as a shit coin and also compares it with another centralized exchange, BNB which is safe in this market correction.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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