TOP analyst predicts rallies in AVAX and 2 other altcoins and says ETH is very close to the bottom

A prominent analyst predicts rallies on the smart contract platform Avalanche (AVAX) and two other altcoins while also saying that Ethereum (ETH) is at rock bottom.

The person who goes by the nickname Altcoin Sherpa told his 128,000 followers on Twitter that he is keeping an eye on AVAX, and although the cryptocurrency is up nearly 2,300% since December, he sees it up another 40%.

“AVAX is still one of the coins that I like the most because their market structure is very optimistic. We’re still aiming for $ 100 in the coming weeks. “

The source: Altcoin Sherpa / Twitter

Next up is the WOO Network (WOO), a liquidity network that aims to connect traders, exchanges and others in the room with “democratized liquidity”.

WOO is up more than 45% in the past 24 hours, but Altcoin Sherpa still considers a rally to USD 1.00 – about 31% of current price – a reasonable expectation.

“WOO looks very optimistic and I will continue to stay with HODL. If it breaks the resistance line, I will target $ 1. “

The source: Altcoin Sherpa / Twitter

The third cryptocurrency on Altcoin Sherpa radar is the open source blockchain Tezos (XTZ). He said Tezos is likely to break the $ 8.00 resistance and hit a new all-time high in the coming weeks.

“XTZ is still below resistance, but the fact that the bulls aren’t giving in much suggests a breakout is imminent (as long as BTC holds).”

The source: Altcoin Sherpa / Twitter

As for Ethereum, the analyst says ETH could bottom out at the 200-day EMA (2,570) before starting to rise again.

«I think ETH is at the very bottom. Could touch the 200-day EMA before a breakout. “

The source: Altcoin Sherpa / Twitter

You can see the coin prices here.

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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.

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