Cryptocurrency Trader Sounds Alarm Over Ethereum-Based Altcoin’s 300% Surge in One Month, Revises Bitcoin Forecast
Prominent crypto analyst Altcoin Sherpa is cautioning traders about a potential correction in Tellor Tributes (TRB). An Ethereum-based decentralized oracle protocol.
TRB has surged over 300% since mid-August, but Altcoin Sherpa believes this rally might unwind soon, particularly noting market maker activity. He’s eyeing short positions in the $40 to $45 range. His chart suggests TRB could briefly rally to around $45 before possibly dropping below $28. At the time of writing. Tellor Tributes is trading at $38.45. Switching focus to Bitcoin, Altcoin Sherpa anticipates that the flagship cryptocurrency is poised to surpass a critical resistance level, with a target of $28,000 in mind. Meanwhile, crypto analyst Ali Martinez echoes a bullish sentiment for Bitcoin, citing expanding on-chain activity despite stagnant prices, signaling the potential resurgence of the BTC bull run.
Clever Robot News Desk 22th September 2023