A Crypto Analyst Identifies Potential Upside for Low-Cap Altcoins
A popular cryptocurrency analyst has identified two low-cap altcoins with potential for bullish price action. Altcoin Sherpa, a pseudonymous strategist, has highlighted Jupiter (JUP), a decentralized exchange aggregator based on the Solana blockchain. According to a chart shared by the analyst, JUP is expected to establish a local bottom around $0.50 before rallying to approximately $0.82. However, Altcoin Sherpa also suggests that after this upward move, JUP may experience a temporary decline.
Meanwhile, Altcoin Sherpa also mentions Manta Network (MANTA), the native token of a privacy-focused crypto project. The analyst believes that MANTA could rebound as long as Bitcoin (BTC) remains stable and does not witness significant downward movement. However, Altcoin Sherpa cautions that MANTA might drop to $2.5 or lower before experiencing a bounce.
Additionally, Altcoin Sherpa expresses optimism about Chainlink’s (LINK) native asset. The analyst believes that if LINK surpasses its immediate resistance at $18, it could reach $24 or higher in the medium term. However, smaller resistance levels, such as $20, may also influence its price movement.
Hot Take: Potential Gains Await Low-Cap Altcoins
Altcoin Sherpa’s analysis highlights the potential for bullish price action in low-cap altcoins such as Jupiter (JUP), Manta Network (MANTA), and Chainlink (LINK). While JUP is expected to rally after establishing a local bottom, MANTA’s rebound relies on Bitcoin’s stability. As for LINK, it could see higher prices if it breaks its immediate resistance. These predictions offer valuable insights for crypto traders looking to explore opportunities beyond large-cap cryptocurrencies.
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