Analyst Says Record High Imminent for One Ethereum Challenger
A closely followed crypto strategist says that one Ethereum (ETH) challenger is poised to print a fresh all-time high in the coming weeks.
Pseudonymous analyst Altcoin Sherpa tells his 173,400 Twitter followers that he’s bullish on decentralized application platform Near (NEAR) as he expects the Ethereum competitor to sustain its uptrend en route to a new record high.
“NEAR: I still think this is breaking all-time highs within a matter of weeks. I’m still positioned well for it.”
At time of writing, Near is changing hands for $17.71 and is now one resistance away from establishing a new all-time high based on Altcoin Sherpa’s chart.
Next up is Binance Coin (BNB), the utility token of global crypto exchange Binance. According to Altcoin Sherpa, BNB will erupt once it takes out its immediate resistance at $509.
“BNB: I think this one explodes to the upside after it breaks out of this range. It looks like accumulation to me.”
The last coin on the trader’s radar is STEPN (GMT), a project that encourages health and fitness by rewarding users for participating in outdoor activities. Altcoin Sherpa says he expects GMT to continue its uptrend after taking out resistance at $3.13.
“GMT: I think waiting for a retest of all-time high level is a safer entry than just buying around here. With that said, big, big breakout after a few weeks of consolidation. I’m a fan of this project and investor (I use it daily).”
Looking at Altcoin Sherpa’s chart, he expects GMT to climb as high as $4.25, representing an upside potential of nearly 20% from the coin’s current value of $3.55.
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