Sherpa expects significant upward movement in Bitcoin. Also, Sui$SUI
and Aptos are performing strongly in the short term. As for Eigenlayer, investors are advised to wait a little longer.
Well-known cryptocurrency analyst Sherpa stated that Bitcoin is showing a positive outlook towards $61,174. In a statement to his 224,200 followers on social media platform X, he stated that Bitcoin’s 25, 55, 100 and 200-period exponential moving averages on the daily chart are converging, creating “extremely tight” price pressure.
Sherpa noted that a major move in Bitcoin would likely be to the upside. Currently, Bitcoin is trading at 62,150$BTC
is trading at $1. “A big move is coming, probably to the upside,” the analyst said.
Noting that Layer-1 altcoin Sui (SUI) has been showing a “crazy” price performance in recent weeks, Sherpa also emphasized that Sui’s supply will increase in the future. He added that this presents trading opportunities in the short term but may not be the best option in the long term. “This is a great trading opportunity, but given the supply shortages, it may not be the best long-term hold,” the analyst said.
Apartments$APT
and Eigenlayer reviews also drew attention. Sherpa said there are long-term uncertainties about Aptos’ native token APT, but it has shown strong performance in the short term. APT is currently trading at $9.12 and has gained about 50% in the past 30 days.
For Eigenlayer (EIGEN), Sherpa said they are in the decision-making phase and that it would be better to wait for a real breakout. “APT: I’m not sure how it will be in the long term, but it looks really strong in the short term. There will probably be a good spot trading opportunity here and you can expect it to go above $10. It’s a good coin,” he said. Eigenlayer is currently trading at $4, and Sherpa said it would be better to wait for a breakout to see if this new retaking protocol shows sustainable momentum.
Analyst evaluations show that Bitcoin and some altcoins offer potential opportunities. Although strong performances are observed in the short term, it is emphasized that caution should be exercised for long-term holdings.
As the crypto markets continue to be volatile, it is important for investors to follow market analysis carefully and do their own research. It is eagerly awaited whether Bitcoin will continue its role as a digital asset and what the growth potential of altcoins will be.