Altcoin Sherpa, ATOM$ATOM
He states that investors' hopeful expectations for an increase may make them regret it even more. Daan Crypto Trades expects ETH to rally above $ 2,800. Rager states that he will not act hastily without seeing an increase in the BTC price.
We are less than a week away from entering the last quarter of cryptocurrency markets, and investors are eagerly awaiting a potential bullish period. Historical data suggests that the stagnant movements that have continued for two quarters with October may end. Positive developments such as the Fed’s interest rate cuts and FTX refunds support the bullish expectations in the last quarter. So, what are the predictions of $5 for Cosmos (ATOM), $2,681 for Ethereum (ETH), and $63,506 for Bitcoin (BTC)?
Popular cryptocurrencies Cosmos (ATOM) came to the fore in the latest analysis of Altcoin Sherpa analyst. The analyst emphasized in the chart he shared that ATOM's downtrend could continue. Investors who have been at a loss for a long time have not seen a significant increase, let alone double-digit prices. If the decline continues, oversold bottoms can be seen at $ 1.97; however, if the bulls at $ 4.57 can maintain this support, a return to $ 10 can be achieved. Altcoin Sherpa does not seem very hopeful for ATOM.
“Being an investor in a cryptocurrency like this can be really challenging. I understand you don’t want to sell the dip, but you can’t predict what will happen. It’s going to be more expensive to see ATOM sit there while TAO is going 2-3 times faster. Sometimes it’s best to just walk away.”
Although the analyst says these words, he does not have the ability to predict the future and reminds you that you may regret selling at the bottom. Therefore, he emphasizes that you should make your investment decisions on your own.
Comments on BTC and Ethereum
ETH$ETH
While the price remains above $2,600, BTC is trying to solidify $63,000 as a support point. Although there are fluctuations depending on the news flow, BTC is close to $63,000. Many experts predict that BTC's next step will be $65,000. Daan Crypto Trades made the following assessment for ETH:
“ETH finally managed to break above the 4-hour 200MA/EMA, which is generally a positive signal about the low to medium-term trend. We should focus on the local top at $2,800 as the key level.”
Rager shared his predictions about BTC and emphasized that he remains cautious. Rager said, “Not much has changed for BTC. I want to see the price rise before taking more risks. Or it would be better to wait to add as the market moves. It will be important to be patient over the next few weeks.”
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