Pseudonymous crypto analyst and influencer “Altcoin Sherpa” (who has over 167,000 Twitter followers) shared his thoughts on the price action of Solana ($SOL), Chainlink ($LINK), Axie Infinity ($AXS ), Kyber Network ($KNC) and the NEAR Protocol ($NEAR).
According to a report by The Daily Report published earlier today, here is what Altcoin Sherpa had to say about each of these cryptoassets in a YouTube video posted on Monday, January 31.
“I would just like to see this area [$60-$70] be tapped a few times, then form some kind of bottom, then probably go up, hit that high volume node again around $140, then probably go back down.“
“You can probably look to buy any dip for LINK. I think it’s possible that we can see [a] pull back lower also to around $15, much like a double bottom in the lower time frame charts. To me, that looks pretty strong considering it’s at the lower end of the range given its high selling volume, given that we’re seeing dips getting bought quite quickly.“
“You can still hit like a 2x or something from $45 to $90 or some of those levels up [above $110]. It is certainly possible that it will come.“
“I would just consider buying any dip personally. Looking for resistance levels, I would look for around $2.40 or so.“
“It’s possible that we might see a potential final shakeout at around $8, and I bid there. But overall this piece has held up well, and to me this piece looks a bit better than a lot of other pieces right now.“
According to data from CryptoCompare, currently (as of 09:00 UTC Feb 3) $SOL, $LINK, $AXS, $KNC and $NEAR are trading around $98.72, $15.89, $48.86, 1.905 respectively. $ and $10.85.
And here is some interesting news regarding the crypto projects mentioned above:
The Solana Riptide Global Hackathon (running until March 17) began yesterday.
Chain link ($LINK)
On January 31, the Chainlink team announced that in January 2022 “55 projects adopted 6 #Chain link services on 10 different networks.
NEAR Protocol ($NEAR)
On February 1, the NEAR-powered play-to-earn mobile game “Land to Empire” launched on the mainnet.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading crypto-assets involves the risk of financial loss.
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