The closely watched analyst says he is seeing new rallies for Ethereum (ETH), Polkadot (DOT) and two other altcoins despite signs of weakness in the digital asset market.

The person known in the industry as Pentoshi told his 268,200 Twitter followers that he expects Ethereum to rebound in the coming weeks as the leading smart contract platform continues to trade above support.

“It looks like late sellers are feeling the pinch and this is support for the daily, three day, and weekly time frames in a bull market. There are no bearish signs on this chart. Buyers can be profitable within 1-2 weeks. “

The source: Pentoshi / Twitter

Looking at Polkadot, Pentoshi is bullish on his Bitcoin pair (DOT / BTC) as he believes an underlying catalyst could drive the pair’s value higher.

“At the moment I’m looking for entries. It appears to be preparing for an explosion.

Parachain will push the price even higher over the next 4-6 weeks.

The pricing phase for the BTC pair will soon begin. “

The source: Pentoshi / Twitter

Parachain is at the heart of the Polkadot Network as it can be customized for different use cases. According to the analyst, Parachain could launch on Polkadot this year.

Another coin on the analyst’s radar is the Tezos (XTZ) smart contract platform. Pentoshi predicts Tezos will grow more than 40% given the growing investor interest in Layer 1 platforms.

“USD pair exploring next week, rebounding towards resistance in BTC pair.

Investors watch out for Layer 1. This is an uptrend. In my opinion $ 10 +. “

The source: Pentoshi / Twitter

Next up is the SKALE blockchain network, which the analyst says is ready for a breakout in the Bitcoin (SKL / BTC) pair as it remains near the BTC 0.000008 support, or 0.36 USD consolidated. Pentoshi also mentioned some basic catalysts that could drive the value of SKL / BTC higher.

“Fundamentals are active in non-gas NFTs and are about to scale. The diagram looks great and I’ll buy it here. Volatility from the low to the high range. Expected in 2 to 4 weeks. “

The source: Pentoshi / Twitter

You can see the coin prices here.

We invite you to join our Telegram for faster news: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page