Trader Predicts Marketwide Crypto Pullback, Lists Five Altcoins To Watch Along With Downside Price Targets
A closely followed analyst believes that the crypto markets are primed for a corrective move following strong rallies over the past couple of weeks. Pseudonymous analyst Altcoin Sherpa tells his 245,200 followers on the social media platform X that he thinks “a dip is going to come soon,” but he doesn’t see any reason to be super bearish once the correction takes place. According to the analyst, a correction should provide an opportunity for investors to enter the crypto market before another leg up. Should a marketwide pullback materialize, Altcoin Sherpa says he plans to accumulate five altcoins. “Coins I want to buy: BONK ($0.00001600s) Fartcoin ($0.85) POPCAT ($0.33) HYPE ($15-$16s) GUN ($0.055s) Loads of others too, but those are on my short list for now.” Looking closer at the memecoin Fartcoin, the trader notes that FART needs to stay above $1.05 to witness new rallies. Otherwise, he thinks the altcoin could fall to as...