A prominent crypto analyst, known as ALTC0IN SHERPA, has forecasted a potential market correction following the recent strong rallies in the cryptocurrency space. With over 245,200 followers on the social media platform X, the pseudonymous analyst suggests that while a dip is imminent, it may present a strategic buying opportunity for investors.
ALTC0IN SHERPA emphasized that the anticipated correction should not be viewed as a bearish signal but rather as a chance to accumulate assets before the next upward trend. The analyst shared a shortlist of five altcoins he plans to target during the pullback:
BONK ($0.00001600s)
FARTCOIN ($0.85)
POPCAT ($0.33)
HYPE ($15-$16s)
GUN ($0.055s)
Focusing on the memecoin FARTCOIN, the analyst noted that the asset needs to maintain support above $1.05 to sustain its upward momentum. Failure to do so could result in a drop to $0.80. However, ALTC0IN SHERPA remains optimistic, suggesting that FARTCOIN could rally to $1.40 if key levels hold.
Another memecoin on the analyst’s radar is BONK, which he described as having a “fire” chart. At the time of writing, BONK was trading at $0.00002, marking a 10% increase over the past 24 hours.
As the crypto market continues to evolve, analysts like ALTC0IN SHERPA are closely monitoring key levels and trends to identify potential opportunities for investors.
Sources: X Post 1, X Post 2, X Post 3