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:
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!
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.
