A widely followed crypto analyst updates his outlook on Layer 1 blockchain Aptos (APT) and one of the meme coins that has recorded significant gains over the past 10 months, while Bitcoin (BTC) maintains a bullish stance on
In a new strategy session, crypto trader Altcoin Sherpa told his 224,300 followers on social media platform he said.
“BTC: Should be a good spot to bounce. Close enough to .50 [Fibonacci retracement level]. 200 day exponential moving average (EMA) + wick low. We remain bullish until we see otherwise. ”
Fibonacci retracement is a method of technical analysis that shows an asset's potential support and resistance points.
At the time of writing, Bitcoin was trading at $62,251, up 2.4% from the previous day.
Moving on to smart contract platform Aptos, Sherpa says its charts are good and he wants to accumulate assets around the $7.50 price.
“Abt. Considering buying at $7.50. Chart still looks decent [in my opinion]”
APT is trading at $8.42 at the time of writing, up 4.52% in the past 24 hours.
Analysts conclude their analysis with dog-themed meme asset Dogwifat (WIF), which has risen an impressive 166,566% since December, with the price reaching $3 as long as the crypto king stays healthy. He said it was possible.
“A retest of WIF has occurred. As long as BTC remains healthy it will stay above $3.”
At the time of writing, WIF was valued at $2.66, up 17% in the past 24 hours.
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me ×Facebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Tithi Luadthong/Sensvector
