Analysts Identify 3 Altcoins: The Most Suitable Horses for Running!

An analyst with a large following believes that altcoins are poised for a bounce after a heavy correction. The analyst shares an altcoin that he thinks will perform better than others. Analyst Aaryamann Shrivastava says there is more space at the top for OP and GRT.

Altcoins will bounce ‘very hard’ from base: Here are 2 chest coins to watch

cryptokoin.com As you follow from , the market is healing its wounds after the sharp decline. However, some analysts are expecting a bounce for altcoins. The analyst nicknamed The Flow Horse says that altcoins will soon rise from the market bottom with a mean reversion. In this context, the analyst said, “Bitcoin aside, some of these altcoins will jump very hard from the usual mean reversion. “I may have to make a shopping list, but I still feel a little disinterested in trading until at least July.” says.

The analyst also chooses Pepe (PEPE) as the chest coin, which he believes will perform better than others, including dogwifhat (WIF). The Flow Horse explains its choices as follows:

Memecoins are not dead, but I don’t know if you want to reference WIF as the representative pair or knight to bet on. WIF has fallen from all-time highs against Solana, against BTC BTC is underperforming ATH, both are underperforming from original April lows. It is underperforming from recent highs. That’s why the most suitable horse is PEPE.

GRT price claim: There’s room for growth ahead

The Graph (GRT), which was traded at $ 0.220 at the time of writing, hovered between $ 0.222 and $ 0.201 throughout the past week. During this period, attempts to overcome the resistance failed. Thus, the altcoin began to test its support. Now, on-chain metrics highlight recovery potential that could push the chart above $0.250. $0.222 also marks the 23.6% Fibonacci Retracement. Therefore, turning this level into a support could help the recovery. The aim for GRT price is to reclaim $0.266, which corresponds to the 38.2% Fib level, as the base level.

Graphic Price Analysis. Source: TradingView

However, if a base forms below $0.201, the altcoin is vulnerable to a correction. If the token price drops to $0.151, the bullish thesis may be invalidated.

OP price claim: Altcoin moved to recover losses!

Optimism (OP), which was trading at $ 1.7 at the time of writing, returns from the support of $ 1.6. The goal of the altcoin is to reclaim $2.0 as a place of reinforcement where it is necessary to break through $1.8. The rise is supported by investors’ bullish bias; However, the chances of recovery are slim until $ 2.0 is secured.

OP Price Analysis. Source: TradingView

If this fails, the altcoin price could remain consolidated below $1.8 or suppressed below $2.0. A random drop below this line will invalidate the bull thesis and extend losses.

The opinions and assumptions in the article are those of analysts and are definitely not investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.