Leading cryptocurrency analyst Altcoin Sherpa warns that three altcoins on the watchlist, Sui (SUI), Near (NEAR), and League of Artificial Superintelligence (FET), are in a clear downtrend. Although the analyst believes that the altcoins in question are in a bear market, they are positive in the long run.
SUI issues warnings for NEAR and FET
Anonymous cryptocurrency analyst Altcoin Sherpa claimed to his followers on the social media platform X that SUI, NEAR, and FET are trading in a bear market. The analyst said that altcoins are in a difficult market condition and with developments such as the unstable situation of Bitcoin (BTC) and the unlocking of SUI supply, these altcoins are in a catastrophic situation.
Altcoin Sherpa stressed that the altcoins in question have a clear bear market structure and have been doing so for some time. He warned investors to be careful.
The analyst said that SUI has fallen significantly from its all-time peak of $2.17, with the altcoin currently trading at $0.575. For FET, the chart shared by the analyst continues to show the formation of lower tops and lower bottoms. FET is currently trading at $0.921.
For NEAR, the analyst noted that it has plotted two lower peaks in a row on the weekly chart. Currently, the altcoin’s current price is $4.16. Altcoin Sherpa is bullish on Bitcoin (BTC) and Ethereum (ETH) in the long term, although he believes that all three altcoins are in a bear market.
Emphasis on the fourth quarter
Altcoin Sherpa noted that historically, the fourth quarter of each year has been positive for the cryptocurrency market. The analyst said he expects BTC to break its record this year and predicted that many altcoins will increase in value many times over.
The analyst stressed that seasonality is important and emphasized that Q4 and Q1 are excellent periods for the cryptocurrency market. He pointed out that ETH has a high chance of breaking records due to spot ETFs (Exchange Traded Funds).
Leading cryptocurrency analyst Altcoin Sherpa warns that three altcoins on the watchlist, Sui (SUI), Near (NEAR), and League of Artificial Superintelligence (FET), are in a clear downtrend. Although the analyst believes that the altcoins in question are in a bear market, they are positive in the long run.
SUI issues warnings for NEAR and FET
Anonymous cryptocurrency analyst Altcoin Sherpa claimed to his followers on the social media platform X that SUI, NEAR, and FET are trading in a bear market. The analyst said that altcoins are in a difficult market condition and with developments such as the unstable situation of Bitcoin (BTC) and the unlocking of SUI supply, these altcoins are in a catastrophic situation.
Altcoin Sherpa stressed that the altcoins in question have a clear bear market structure and have been doing so for some time. He warned investors to be careful.
The analyst said that SUI has fallen significantly from its all-time peak of $2.17, with the altcoin currently trading at $0.575. For FET, the chart shared by the analyst continues to show the formation of lower tops and lower bottoms. FET is currently trading at $0.921.
For NEAR, the analyst noted that it has plotted two lower peaks in a row on the weekly chart. Currently, the altcoin’s current price is $4.16. Altcoin Sherpa is bullish on Bitcoin (BTC) and Ethereum (ETH) in the long term, although he believes that all three altcoins are in a bear market.
Emphasis on the fourth quarter
Altcoin Sherpa noted that historically, the fourth quarter of each year has been positive for the cryptocurrency market. The analyst said he expects BTC to break its record this year and predicted that many altcoins will increase in value many times over.
The analyst stressed that seasonality is important and emphasized that Q4 and Q1 are excellent periods for the cryptocurrency market. He pointed out that ETH has a high chance of breaking records due to spot ETFs (Exchange Traded Funds).
