tell His 165,700 Twitter followers say he is seeing where the price of smart contract platform Cardano is likely to go up.
“ADA: since everyone is exposed to altcoins, I will do a bunch of alternate charts that I think are good support. That’s not to say there won’t be bounces before this point, but these are significant support levels where the price could eventually move up.
Support: $0.40. ”
The trader says that the $1.00 level for Cardano can hold, but if it fails, he sees ADA drop to $0.40.
Altcoin Sherpa is also looking at the interoperable Polkadot (DOT) blockchain, which he says could find support at $15.
Next is the Cosmos decentralized parallel blockchain network (ATOM), which Altcoin Sherpa believes could go as low as $20.
Half of the altcoin on the trader’s list is the decentralized financial (DeFi) payment network Terra. According to Altcoin Sherpa, the $30 to $40 area could act as a key support for LUNA.
Next is the meme crypto asset Dogecoin (DOGE), which Altcoin Sherpa believes could trigger a sell-off event if it drops below the $0.128 support.
“Support: $0.05.”
Altcoin Sherpa is also eyeing blockchain-based play-for-money game Axie Infinity (AXS). According to the crypto trader, he sees AXS holding the support around $35.
The last coin on a trader’s radar is the Chainlink (LINK) decentralized oracle network. According to the crypto strategist, LINK could see a reversal at $12.
Roman3dArt / Dario Lo Presit