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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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.