Popular Crypto Trader Shares 2024 Predictions For These Three Altcoins
Portfolio Pulse from Murtuza Merchant
Popular crypto analyst Altcoin Sherpa shared his 2024 predictions for three altcoins: BEAM, ARB, and RNDR. He is 'hugely bullish' on BEAM, sees challenges for ARB with a potential decline to $1.20, and is optimistic about RNDR's recovery, suggesting buy-in points at the .382 and .50 Fibonacci retracement levels.
April 12, 2024 | 5:55 pm
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NEGATIVE IMPACT
Altcoin Sherpa predicts a potential decline in ARB's price to $1.20 or lower, citing the loss of the 200-day EMA as a concerning sign.
The technical analysis pointing to a loss of the 200-day EMA and the prediction of a price decline to $1.20 or lower suggest a negative short-term impact on ARB's price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Altcoin Sherpa is hugely bullish on BEAM, seeing it as a long-term hold with significant potential in the crypto gaming sector.
BEAM's association with the growing crypto gaming sector and Altcoin Sherpa's bullish stance suggest a positive short-term impact on its price, especially with the analyst's recommendation to hold for the long term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Despite a potential drop to $7.50, Altcoin Sherpa remains optimistic about RNDR's recovery, suggesting buy-in points at the .382 and .50 Fibonacci levels.
The optimistic outlook for RNDR, despite a potential short-term drop, and the specific buy-in recommendations suggest a positive short-term impact on its price as it aligns with a recovery trajectory.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 90