Trader Says Altcoin From Bitcoin Ecosystem Has a Lot of Room To Run, Updates Outlook on SEI and BONK
Widely followed crypto trader Altcoin Sherpa is bullish on one altcoin operating in the Bitcoin (BTC) ecosystem.
The pseudonymous analyst tells his 205,000 followers on the social media platform X that Stacks (STX) has more upside potential.
“STX: entry at $1.75 or around there would be excellent. Eyes on this one. I think it’s really got a lot of room to run.”
Looking at his chart, the trader suggests that STX could retest the $1.73 support level before bouncing.
Stacks is a project that aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin.
STX is trading for $1.90 at time of writing, after reaching a low of $1.68 in the last 24 hours.
Next up, the trader believes the Solana (SOL) competitor The Sei Network (SEI) remains in an uptrend.
“SEI: I would like to see it come back to the .382 ($0.58) level here again and consolidate, similar how it did around $0.22. Still bullish until shown otherwise here but wouldn’t be surprised to see a little cooling.”
SEI is trading for $0.78 at time of writing, up more than 17% in the last 24 hours.
Lastly, the trader predicts memecoin Bonk (BONK) could soon hit two higher price targets.
“BONK: makes sense that BONK bounced at the recent low. I didn’t personally play it. If you’re in this from higher (or lower), I think that you’re going to get a good opportunity for some dead rally coming (eventually). Would be a seller around $0.0000163 and also $0.0000180ish.”
BONK is trading for $0.0000161 at time of writing, up 15% in the last 24 hours.
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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.
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The post Trader Says Altcoin From Bitcoin Ecosystem Has a Lot of Room To Run, Updates Outlook on SEI and BONK appeared first on The Daily Hodl.
