Crypto Analyst Identifies Bearish Market Indicators for SUI, NEAR, and an Additional Altcoin
Crypto strategist Altcoin Sherpa warns that Sui (SUI), Near (NEAR), and Artificial Superintelligence Alliance (FET) are currently experiencing a clear downtrend.
He notes that these altcoins are in bear territory. With SUI falling from its all-time high of $2.17 to $0.575, and FET showing bearish patterns with lower highs and lows. Currently trading at $0.921. NEAR has also printed consecutive lower highs on its weekly chart and is valued at $4.16.
Despite this bearish outlook for these altcoins, Sherpa remains optimistic about Bitcoin (BTC) and Ethereum (ETH). Predicting they will reach new all-time highs later this year. He highlights that historically, Q4 and Q1 are strong periods for crypto.
Clever Robot News Desk 6th August 2024
