New Price Predictions For Ethereum (ETH), Polkadot (DOT) And Terra (LUNA) Are Out | CryptoGazette
https://ift.tt/xWOpJ7K
There is an important crypto strategist who outlines what’s next for ETH, and the rivals DOT and LUNA. Check out the latest predicitons below.
New crypto predictions are out
According to the crypto analyst Altcoin Sherpa, Ethereum looks bullish on the lower timeframes, he made sure to warn that a correction is in sight as ETH is now trading at a key resistance area.
“This isn’t generally how bottoms are formed; I think a return to the lows is likely (eventually). With that said, price has still maintained a bullish market structure on the 4h with [higher highs and higher lows]. Approaching a scary area in the $3,000s. Be careful.”
He also talked about Polkadot. DOT looks ready to ignite a 27% rally from its current price of $21.90 to his target at $28.
“I think that a short-term bottom may be forming; to be determined if this is the long-term bottom. Price will need to consolidate here for a while before I think that happens. Possible lower high to mid $20s near the 200-day exponential moving average and then lower.”
Altcoin Sherpa said that LUNA may be carving a bottom between $45 and $53.
“I still think the bottom is in for the short term. Lots of volume and a HVN on volume profile is around this area. Expecting this to chop and then go up.”
Other than this, there are all kinds of optimistic crypto predictions about the prices of altcoins amidst the market recovery following numerous corrections.
DOT in the news
According to new research which has been conducted by the Crypto Carbon Ratings Institute (CCRI), the interoperable blockchain platform seems to be using less power than other popular coins.
The institute found that DOT is consuming just 6.6 times the electricity the average US household uses in a year. It’s highly important to note that this is making it the least power-draining digital asset among the top chains.
Cryptocurrency
