Trader Predicts New All-Time High for Altcoin That Moved Over 326% in Past Week – Here’s His Target
A closely followed crypto analyst believes that one low-cap altcoin that defied the market doldrums last week is not yet done rallying.
Pseudonymous analyst Altcoin Sherpa tells his 196,200 followers on the social media platform X that he’s keeping a close watch on the social network altcoin CyberConnect (CYBER).
The altcoin caught the attention of crypto traders as it rallied by more than 326% last week to an all-time high of $15.79 on September 1st.
While CyberConnect was in the midst of its explosion, Altcoin Sherpa warned that the coin was in a position to witness a deep corrective move, saying that traders should be on high alert as CYBER printed an all-time high.
“This current area is a place to watch out for… Everyone shorting like crazy and getting ran over, then you see a massive dump later on.”
At time of writing, CYBER is trading for $7.32, down over 40% in the last 24 hours.
With the correction in play, Altcoin Sherpa predicts that CYBER will eventually regain its bullish momentum en route to printing a fresh all-time high. However, it’s unclear when Altcoin Sherpa expects CYBER to hit his target.
“But [it] wouldn’t surprise me at all to see this go to $17 eventually.”
A move toward the $17 level suggests an upside potential of over 132% from current prices for CYBER.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Salamahin/Stock Picture Store
The post Trader Predicts New All-Time High for Altcoin That Moved Over 326% in Past Week – Here’s His Target appeared first on The Daily Hodl.
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Trader Predicts New All-Time High for Altcoin That Moved Over 326% in Past Week – Here’s His Target
A closely followed crypto analyst believes that one low-cap altcoin that defied the market doldrums last week is not yet done rallying.
Pseudonymous analyst Altcoin Sherpa tells his 196,200 followers on the social media platform X that he’s keeping a close watch on the social network altcoin CyberConnect (CYBER).
The altcoin caught the attention of crypto traders as it rallied by more than 326% last week to an all-time high of $15.79 on September 1st.
While CyberConnect was in the midst of its explosion, Altcoin Sherpa warned that the coin was in a position to witness a deep corrective move, saying that traders should be on high alert as CYBER printed an all-time high.
“This current area is a place to watch out for… Everyone shorting like crazy and getting ran over, then you see a massive dump later on.”
At time of writing, CYBER is trading for $7.32, down over 40% in the last 24 hours.
With the correction in play, Altcoin Sherpa predicts that CYBER will eventually regain its bullish momentum en route to printing a fresh all-time high. However, it’s unclear when Altcoin Sherpa expects CYBER to hit his target.
“But [it] wouldn’t surprise me at all to see this go to $17 eventually.”
A move toward the $17 level suggests an upside potential of over 132% from current prices for CYBER.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Salamahin/Stock Picture Store
The post Trader Predicts New All-Time High for Altcoin That Moved Over 326% in Past Week – Here’s His Target appeared first on The Daily Hodl.
Read More