dailyhodl.com
Widely followed crypto trader Altcoin Sherpa is bullish on one altcoin operating in the Bitcoin (BTC) ecosystem.
The pseudonymous analyst tells his 205,000 followers on the social media platform X that Stacks ($STX) has more upside potential.
“$STX: entry at $1.75 or around there would be excellent. Eyes on this one. I think it’s really got a lot of room to run.”
Looking at his chart, the trader suggests that $STX could retest the $1.73 support level before bouncing.
Stacks is a project that aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin.
$STX is trading for $1.90 at time of writing, after reaching a low of $1.68 in the last 24 hours.
Next up, the trader believes the Solana (SOL) competitor The Sei Network ($SEI) remains in an uptrend.
“$SEI: I would like to see it come back to the .382 ($0.58) level here again and consolidate, similar how it did around $0.22. Still bullish until shown otherwise here but wouldn’t be surprised to see a little cooling.”
$SEI is trading for $0.78 at time of writing, up more than 17% in the last 24 hours.
Lastly, the trader predicts memecoin Bonk ($BONK) could soon hit two higher price targets.
“$BONK: makes sense that $BONK bounced at the recent low. I didn’t personally play it. If you’re in this from higher (or lower), I think that you’re going to get a good opportunity for some dead rally coming (eventually). Would be a seller around $0.0000163 and also $0.0000180ish.”
$BONK is trading for $0.0000161 at time of writing, up 15% in the last 24 hours.
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