Cryptocurrency analyst with the nickname Altcoin Sherpa spoke about the potential levels of decline, which can be achieved 5 popular altcoins
According to him, polkadot blockchain (DOT) there is a chance to face a significant increase in demand in the event of an overlap of the 200-day exponential moving average (EMA):
"On the DOT, I expect the continuation of consolidation in the region $30 – $40, as it supports the 200-day EMA, namely at $32".
The sandbox blockchain gaming ecosystem looks promising (SAND) and the analyst hopes for the ability to enter the asset at a level of about $5:
"This asset is one of the few, which are worth buying on the fall of the rate. The strongest assets are repaied faster than others..
Third altcoin on analyst's list – CRO, on the basis of which the trading platform of the Crypto.com operates. Altcoin Sherpa considers, that CRO has support on low timeframes:
"According to CRO I expect the bottom at around $0.6".
Analyst closely monitors the platform of smart contracts Oasis Network (ROSE), working in the field of confidentiality for open finance. In his opinion, THE ROSE course can grope the bottom nearby $0,29:
"Not a bad first reaction to $0,618 [Fibonacci level]. I would like to see consolidation at the mark $0,618, and then you can form a solid bottom.".
And closes the list of the platform in the field of payment infrastructure COTI. COTI is now using the 200-day EMA as support. ($0,37), but another sale may cause the asset to fall to $0,3:
"The first significant pressure on the 200-day EMA. I think, that here it will be possible to find a short-term bottom".
