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Cryptocurrency News Articles
Zilliqa (ZIL) May Continue Its Breakout, Altcoin Sherpa Tells Followers
Sep 28, 2024 at 07:45 pm
A closely followed crypto strategist and trader says one enterprise solutions project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222
Cryptocurrency strategist Altcoin Sherpa says enterprise solutions project Zilliqa (ZIL) has the potential for more upside following a breakout on the weekly chart.
The pseudonymous analyst tells his 222,700 followers on the social media platform X that ZIL could be taking cues from dog-themed memecoin dogwifhat (WIF), which has surged over 28% in the last seven days.
“If WIF looks like this, wait till ZIL plays catch up! Way more upside with this type of chart!!”
At the time of writing, ZIL is trading at $0.0167, up 15.1% over the last seven days.
Next, the analyst says WIF may be set to retest lower levels after breaking out.
“WIF: I’d never short this thing in these conditions but I wouldn’t be surprised to see some sort of short term pullback or consolidation at these levels.”
WIF is currently valued at $2.30, up over 3% in the last 24 hours.
Lastly, the analyst says Bitcoin (BTC) could be putting in the first confirmation of a bullish pattern on the daily timeframe in months if it can continue to hold above $65,000.
“Would love to see BTC have a clear strong one day candle up here. That’d further convince me that the one day market structure has been broken and we just hit a higher low/higher high. This is significant and the first time we’ve had a bullish MS (market structure) since March.”
At the time of writing, Bitcoin is trading at $66,147, up 1.3% in the last 24 hours.
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