Closely following crypto strategists are planning the future of Ethereum competitors Cardano (ADA), Polkadot (DOT), Terra (LUNA), and four other altcoins.
Altcoin Sherpa Alias Analyzer Tells His 165,700 Twitter followers are searching for where the price of Cardano, the smart contract platform, could bounce.
“ADA: Everyone is only exposed to altcoins, so I will be creating a lot of alternative charts where I think there is decent support. This does not mean that no bounce will happen by this time. However, these are meaningful support levels that could eventually lead to a rally.” the prices.
Support: $0.40. “
Traders say they can maintain the $1.00 level on Cardano, but if that fails, they see ADA drop to $0.40.
Altcoin Sherpa is also considering an interoperable Polkadot (DOT) blockchain. That, he says, could find a $15 backing.
Next up is the Cosmos (Atom) Parallel Distributed Blockchain Network. She thinks Altcoin Sherpa could drop to $20.
Another coin on the list of traders is Terra, which is a decentralized financial (DeFi) payment network. According to Altcoin Sherpa, the $30-$40 area is the key support level for LUNA.
Next is the origin of the memetic Dogecoin (DOGE) cryptocurrency. It believes that Altcoin Sherpa could trigger a selling event if it breaks below the $0.128 support level.
Altcoin Sherpa is also looking to play to win the blockchain-based Axie Infinity (AXS) game. According to cryptocurrency traders, AXS is seen supporting around $35.
The latest coin for Trader’s Radar is the Chainlink (LINK) decentralized oracle network. According to crypto strategists, LINK can be reversed at $12.
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