dailyhodl.com
A widely followed crypto analyst is turning bullish on Cosmos ($ATOM) as the altcoin space begins to take off.
Pseudonymous crypto strategist Altcoin Sherpa tells his 201,100 followers on the social media platform X that the native asset of the interoperable blockchain ecosystem Cosmos could surge more than 27% from its current value.
“$ATOM: Coins like $ATOM are laggards, but finally waking up a bit. Probably going to keep an eye on this one and expect $15 to come if BTC plays nice.”
The trader’s chart suggests $ATOM is in an uptrend after breaking out of an accumulation range between around $8 and $9, and could be heading to the next major area of resistance at about $15.40.
$ATOM is trading for $11.75 at time of writing, up 18.7% in the last 24 hours.
Next up, the trader says that Solana-based (SOL) memecoin and Dogecoin (DOGE) rival Bonk ($BONK) could be headed higher.
“$BONK: next leg coming?
Probably good to have some exposure to this meme wise. I’m already all out of my position but thinking about re-entering.”
Looking at the trader’s chart, he suggests that $BONK could soon cross the $0.00001500 level.
Bonk is trading for $0.00001157 at time of writing, down 2.3% in the last 24 hours.
Lastly, the trader says he is bullish on Ethereum ($ETH) and believes it could cross key levels to the upside at $3,050 and $3,522, after having flipped the $2,100 level into support.
“$ETH: I still think that Ethereum is one of the easiest trades you can take. It consolidated under the $2,000ish mark for almost two years and finally out of that range. This is going to catch up for sure and I think that $ETH/USD goes to $3,000 in the coming months.”
Ethereum is trading for $2,190 at time of writing, down 1.2% in the last 24 hours.