As Bitcoin Rallies, Popular Crypto Analyst Sees These 6 Altcoins As Having Potential Right Now

As Bitcoin BTC/USD and other major cryptocurrencies rallied on Wednesday evening, a popular cryptocurrency analyst shared his thoughts on several altcoins that he currently sees as strong.

What Happened: Pseudonymous cryptocurrency analyst Altcoin Sherpa said on his YouTube channel that Bitcoin — which dictates the entire market — is seeing short-term relief.

The analyst added that while altcoins should also do nicely in the short term, he will start taking profits as Bitcoin approaches the $47,000 range.

See Also: How To Buy Bitcoin (BTC)

Polygon MATIC/USD: Noting that MATIC is a very strong coin, the analyst said that the altcoin should form a bottom similar to that seen in November for more sustainable price action.

“In my opinion, the next area would be like the all-time high levels right around $3 or so, close to $3,” Altcoin Sherpa said.

Chainlink LINK/USD: Altcoin Sherpa said he has noticed lots of strong buying volume coming for LINK in the current environment and thinks it is not a bad idea to consider buying around the $25 level, as it is also the 200-day EMA.

Cosmos (CRYPTO: ATOM): The analyst noted that area between $38 and $45 was being tapped by AROM repeatedly, but it is only a matter of time before this breaks.

Harmony ONE/USD: Altcoin Sherpa noted that ONE is still “hanging around” in the $0.32 to $0.33 area despite being tapped multiple times. The coin should see a daily close above the $0.33 range for it to be termed a bullish trend, he added.

Fantom FTM/USD: The analyst believes the coin could expect another rejection as it moves higher to the resistance area around $3.15.

NEAR Protocol NEAR/USD: The analyst described NEAR as his favorite coin right now and he is personally viewing an entry into the token around the $16 level, while an aggressive entry would be around the low $17 range.

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