A crypto strategist known for having accurately called the top of the 2021 digital asset cycle believes that several altcoins are ready for significant rallies.
The analyst known in a pseudonym manner under the name of Pentoshi said to his 854 200 subscribers on the social media platform X that the crypto market does not react to bad economic news, indicating that a possible background is.
“From now on, the price no longer reacts to rates or negative news while many, not all things, are at high calendar supports. Not a bad sign for a certain relief.
He says that several alts seem ready to undergo average reversion movements after the market correction. In trading, average reversion is the theory that prices will return to their averages after an extreme decision.
First of all, he says that Pengu, the utility token for the non-bubble token (NFT) token, fatty penguins can reach $ 0.01658 and perhaps higher.
“Pingou means that survivorical areas (will probably have a lot of resistance to the next level if we get there to be honest). But the first should be the first area of interest at the moment. »»
PEGGU negotiates $ 0.01 at the time of the editorial staff, flat during the day.
Then the trader says that the Lido Dao (LDO) automated stimulation service holds the key level of $ 1.54 as a support and could soon bounce.
“There are a ton of graphics that mainly rely on high time supports. Several that resemble this, in my opinion, very specific invalidations at all levels. »»
LDO is negotiated at $ 1.59, down slightly by day.
Finally, he says that Iota, the native asset of a cryptographic project focused on the Internet of Things, can increase more than 21% its current value after having reversed a key level in support on the daily graph.
“Iota another graph reversing its high delay support. You are looking for $ 0.27 at $ 0.28 and recovery. These historic high calendar zones are often superb areas to get involved. »»
Iota is negotiated at $ 0.23 at the time of the editorial staff, flat by day.
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