dailyhodl.com
A closely followed crypto analyst believes that one Ethereum ($ETH) restacking protocol is starting to look extremely bullish.
Pseudonymous analyst Altcoin Sherpa tells his 226,300 followers on the social media platform X that Eigenlayer ($EIGEN) may continue to surge for several factors.
“One coin/trade I haven’t seen on the timeline at all is $EIGEN.
- $ETH season probably coming.
- Hot new coin with former insane hype and current underpriced fully diluted valuation (current = $5.5 billion) compared to before.
- New tech.
- Everything’s up a lot but this looks exceptionally strong.”
Looking at his chart, the analyst suggests that $EIGEN is printing a bullish pattern of higher high and higher low prices on the 12-hour timeframe.
$EIGEN is trading for $3.15 at time of writing, up 7.6% in the last 24 hours.
Next up, the analyst says that $AAVE, the native token of a top lending platform on Ethereum, might be in an uptrend after breaking through resistance at the $170 level.
“$AAVE still one to focus on. I’m bidding and already filled some. This has a lot of room to run if DeFi is going to truly run.”
$AAVE is trading for $181 at time of writing, up more than 4.3% in the last 24 hours.
Lastly, the analyst suggests memecoin Pepe ($PEPE) may be gearing up to have another run to the upside if it can break out of resistance at the $0.00001084 level.
“$PEPE is going to full send eventually. I still think higher cap memes are good bets.”
Pepe is trading for $0.00001067 at time of writing, up 7.5% in the last 24 hours.
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