Altcoin Sherpa Provides Update on Strong Uptrend of Top Crypto Asset

By Daisy Hodley Aug 17, 202367Views

, , , , ,

A Crypto Trader’s Outlook on Altcoin Performance

Key Points:

Altcoin Sherpa believes that THORChain (RUNE) has more room to grow after a bounce off a key Fibonacci retracement level.
RUNE has the potential to reach the $1.71 level according to the trader’s chart.
UNIBOT, a Telegram trading bot crypto project, is also on the trader’s radar but caution is advised as investors may start looking for newer projects.
The trader identifies $162 as a key support level for UNIBOT.
Low market activity means the best trades are likely to be on decentralized exchanges and low-cap tokens.

Hot Take:

Altcoin Sherpa suggests that RUNE and UNIBOT have potential for growth, but advises caution with UNIBOT as investors may shift towards newer projects. Additionally, the trader highlights the importance of focusing on decentralized exchanges and low-cap tokens during periods of low market activity.

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Tags:

Daisy Hodley

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy's insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding. A guiding star for both intrepid explorers and curious novices venturing into the crypto realm, Daisy's insights form a compass for discerning decision-making amidst the ever-shifting currents of cryptocurrencies. With the touch of a literary artist, they craft a narrative that enriches the evolving mosaic of the crypto landscape.