The cryptocurrency market started to move north after the cold US CPI data. However, the Fed’s keeping interest rates constant and its hawkish stance disrupted the stability of the market. Thus, leading crypto Bitcoin and multiple altcoins lost ground. In this mixed atmosphere, an analyst with a wide follower updated his view for 4 altcoins on his radar.
Altcoin Sherpa DOGE is on the long-term rise!
cryptokoin.com As you follow from, the market continues to move back and forth under different influences. Bitcoin fell to 67 thousand dollars after rising to 70 thousand dollars in a short time. This proved the uncertainty and lack of momentum in the market. However, analysts remain bullish for a number of tokens over the longer term. The analyst nicknamed Altcoin Sherpa says he is on the long-term rise in Dogecoin (DOGE). In this context, the analyst makes the following statement:
DOGE: Many chest coins are looking choppy in the short term, but I think they still look pretty decent on the higher time frame charts. I expect more volatility for the next cycle, so I won’t be quick to take new positions here. Be patient. I think these will still make big numbers later this year.
![](https://kriptokoin.com/wp-content/uploads/2024/06/Grafik-1-9.jpg)
Based on its chart, the analyst suggests that DOGE may trade around a range with a low of $0.12 and a high of $0.17 before breaking out later in 2024. Meanwhile, DOGE was trading at $0.1441 at the time of writing, up more than 3% in the last 24 hours.
“ JASMY looks pretty strong!”
The analyst then looks at the Internet of Things (IoT) project Jasmy (JASMY). Altcoin Sherpa suggests that JASMY has more upside potential if it holds $0.0377 as a base. In this regard, the analyst said, “JASMY: I have never bought this coin. But it still has a very strong appearance. Strange.” says.
![](https://kriptokoin.com/wp-content/uploads/2024/06/Grafik-4-1.png)
Meanwhile, JASMY was trading at $0.03599, down 1.3% on a daily basis, at the time of writing. The token lost more than 6% on its weekly chart.
“ ONDO will test lower levels before bouncing!”
The analyst is also monitoring Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs). Altcoin Sherpa warns that ONDO will test lower levels again in the near term. In this regard, the analyst says the following:
ONDO: I was wrong about consolidating for the other leg, I wasn’t ready. I think this will likely see a run up to the $1.10 level before the next bounce (there should be a small one at $1.19 first). From a RWA (real world presence) perspective it is still on the rise.
![](https://kriptokoin.com/wp-content/uploads/2024/06/Grafik-2-10.jpg)
Meanwhile, ONDO was trading at $1.31 at the time of writing, with a slight decline in the last 24 hours. The token saw a 5.7% decrease on its weekly chart.
Altcoin Sherpa: I hope to enter lower levels in BNB!
The analyst also keeps BNB (BNB), the utility token for the BNB Chain ecosystem, on his radar. Altcoin Sherpa predicts that BNB will retreat to Fibonacci levels before resuming its uptrend. $600 is among the analyst’s downside fundamental price targets. In this context, the analyst said, “BNB: Half in, I expect to get lower inflows.” says.
![](https://kriptokoin.com/wp-content/uploads/2024/06/Grafik-3-6-1200x687.jpg)
Meanwhile, BNB is trading at $607 at the time of writing, down nearly 3% in the last 24 hours.