Altcoins

Altcoin Season Begins ! COSMOS & WOO Price To Hit ATH Soon!

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After a major sell-off day after, the crypto market has climbed back up as most tokens are trading in green now. While BTC is back above $61K, ETH and BNB are up 5.3 and 8% respectively. The outperformer Shiba Inu has stunted the rally.

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Pentoshi, a well-known crypto analyst, expects Cosmos (ATOM), Bitcoin (BTC), and one low-cap DeFi cryptocurrency to rally.

Cosmos (ATOM)

The crypto expert informs his Twitter followers that Cosmos (ATOM), a smart contract platform, appears to be poised to outperform the crypto market in the next few weeks.

Pentoshi expects ATOM to appreciate 100 percent against its Bitcoin pairing (ATOM/BTC) to 0.00129 BTC ($76.14) as the token finds support around 0.0006 BTC ($35.42). 

“ATOM [in my opinion] going to be one of the best if not the best performers in the next few weeks” 

He says that the chart is set up for a major move up and contains all of the necessary ingredients, with [technical analysis] and [fundamental analysis] aligned.

At the time of writing, ATOM has risen from a 24 hour low of $38.5 to $40.53. it is currently up by 3.6% in the last 24 hours.

Woo Network (WOO)

WOO Network (WOO), a deep liquidity network connecting traders, exchanges, institutions, and decentralized finance (DeFi) platforms, is Pentoshi’s second cryptocurrency pick.

WOO is a comfy hold for Pentoshi, with fresh all-time highs (ATHs) on the horizon, with the crypto asset presently trading at $1.23, under the resistance of its previous all-time high.

“Glory awaits, have never once sold a token. Another one that I feel comfortable with. Some things I trade, some things I hold. So far so good! Hoping they continue to grow at this speed”

At the time of writing, WOO is trading at $1.23 up by 0.8% in the last 24 hours. It has fallen from a 24 hour high of $1.29.

Bitcoin (BTC)

In terms of Bitcoin, he says the top cryptocurrency is exhibiting signs of strength after perfectly retesting a major Fibonacci level around $59,985.

He explains that BTC Price produced a great retest at a shallow [Fibonacci] level on a 10% decline after breaking ATHs, and it appears to be set up for sustained price discovery.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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