The pseudonymous crypto expert Altcoin Sherpa stays mainly bearish about the marketplace regardless of the basic cost uptick recently.
The trader tells his 180,700 Twitter fans that $22,000 is a “must hold” level for Bitcoin (BTC).
“The last high, although technically higher, is not convincing, and I think there’s a real chance that this low gets broken at $22,000.”
BTC is trading at $23,429 sometimes of composing.
Altcoin Sherpa is likewise bearish on the Ethereum (ETH) rival Solana (SOL).
“Didn’t see a clear higher high on this last move. Best we get is some sort of ranging consolidation pattern [in my opinion], seems unclear to me.”
Solana is trading at $40.23 sometimes of composing.
The expert likewise thinks OP, the native token for Optimism, will break lower, stating it has “lots of inefficiencies to fill.” Optimism is a layer-2 scaling option for Ethereum.
OP is trading at $1.91 sometimes of composing. The 116th-ranked crypto property by market cap is up more than 18% in the previous 24 hr.
Additionally, Altcoin Sherpa predicts “more overall chop” for LOOKS, the energy token of the Ethereum-based non-fungible token (NFT) market LooksRare.
LOOKS is trading at $0.380175 sometimes of composing.
Conversely, nevertheless, Altcoin Sherpa is more bullish on SNX, the native token of Synthetix, a procedure that permits for the issuance of artificial tradable properties on Ethereum, such as products or indices.
“Waited patiently for this level and I think that it’s going to go up, that said it’s always going to depend on BTC. Still think this looks pretty good.”
SNX is trading at $3.84 sometimes of composing.
Don’t Miss a Beat – Subscribe to get crypto e-mail signals provided straight to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions revealed at The Daily Hodl are not financial investment guidance. Investors need to do their due diligence prior to making any high-risk financial investments in Bitcoin, cryptocurrency or digital properties. Please be recommended that your transfers and trades are at your own threat, and any loses you might sustain are your obligation. The Daily Hodl does not suggest the purchasing or selling of any cryptocurrencies or digital properties, nor is The Daily Hodl a financial investment consultant. Please keep in mind that The Daily Hodl takes part in affiliate marketing.
Featured Image: Shutterstock/Black Salmon/Tun_Thanakorn/PurpleRender
