Trader Says Two Altcoins Looking ‘Solid’ Overall, Updates Outlook on BONK and Bitcoin

A widely followed crypto analyst thinks that two altcoins have strong fundamental narratives while flashing bullish price action.

Pseudonymous trader Altcoin Sherpa tells his 245,400 followers on the social media platform X that the native assets of Curve DAO (CRV) and Hyperliquid (HYPE) are among the few “solid” altcoins in crypto.

Curve Finance is a stablecoin-focused ecosystem, specializing in the efficient and low-slippage trading of dollar-pegged crypto assets. Meanwhile, Hyperliquid is a layer-1 protocol serving a decentralized exchange (DEX).

Says Altcoin Sherpa,

“But if you’re an investor that relies on these types of fundamentals, there are a few good ones like CRV and HYPE, those charts look pretty solid overall.”

At time of writing, HYPE is worth $20.55

At time of writing, CRV is worth $0.697.

Turning to the memecoin Bonk (BONK), the trader says he plans to accumulate the altcoin at current levels.

“Staying patient for BONK and would love to buy in the green box if it gives.”

At time of writing, BONK is worth $0.0000164.

As for Bitcoin, the trader says BTC looks bullish on the high time frame after the crypto king retested the $74,000 level as support.

“Higher time frame view of BTC: higher low formed in that chop period, it was similar to that May 2021 area where price formed a low.

I think it’s a great low given the amount of time (two months) and volatility that we saw. While there are going to be some small pullbacks, I think we strongly break $100,000 in the next several weeks as long as equities don’t completely sh** the bed (sadly, I see a lot of lower high / it’s over type of posts).”

At time of writing, Bitcoin is trading for $95,921.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney