Well-known cryptocurrency analyst Sherpa is bullish on Bitcoin (BTC), suggesting that a major price move is imminent. Sherpa, who has over 224,000 followers on X, highlighted that the price compression on Bitcoin’s daily chart is “extremely tight,” noting that the 25-period, 55-period, 100-period, and 200-period exponential moving averages (EMAs) are converging. According to Sherpa, this technical setup suggests that Bitcoin is about to see a major move, most likely to the upside. At the time of writing, Bitcoin is trading at $62,150.
Credit Suisse (SUI) gains strongly but faces future supply risks
Sherpa also commented on Tier 1 altcoin Sui (SUI), which has experienced significant price growth over the past few weeks. Sui currently trades at $1.92, up more than 100% in the past 30 days. However, the analyst warned that the coin’s supply will increase in the future as the token unlocks, so it’s a good short-term trade but risky to hold on to long-term.
Aptos (APT) is expected to rise in the short term
Another layer 1 blockchain, Aptos (APT), has also received attention from Sherpa. The analyst said that Aptos has strong performance in the short term and may be a good spot trading opportunity. Aptos is currently priced at $9.12, and Sherpa predicts that its price may rise to more than $10.
Feature layer at critical moments (EIGEN)
Finally, Sherpa analyzed the Ethereum re-staking protocol Eigenlayer (EIGEN), noting that the protocol is at a critical juncture. He suggested waiting for a decisive breakthrough before buying in, as the token is still in the early stages of development. #非农人数大幅升温 $SUI
