The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Top Trader Flips Bullish on Two Altcoins, Says One Crypto Sector Is Showing Strength

by Daily Hodl Staff
July 7, 2021
in Altcoins

Popular crypto trader and analyst Cantering Clark believes two altcoins may be ready to take off while one sector of the markets shows signs of strength. 

While Bitcoin moves mostly sideways, the pseudonymous trader tells his 60,200 followers that he closed a short position on Synthetix (SNX) as the decentralized finance (DeFi) sector is starting to show signs of bullishness.

“Closing this out before it gets run over.

DeFi showing strength right now.”

The trader’s two DeFi altcoins of choice are SushiSwap (SUSHI) and Uniswap (UNI). Both crypto assets are tokens for Ethereum-based decentralized exchanges (DEXs) that use smart contracts to create markets for any given pair of coins.

https://twitter.com/CanteringClark/status/1412240012788342789

At time of writing, SUSHI is trading at $9.37, up 3.71% according to CoinMarketCap.

According to Cantering Clark, SUSHI may finally be primed for a turnaround. He says he’s using the Hull moving average, a directional trend indicator, to validate SUSHI’s recent bounce. 

“SUSHI looks like it wants to run.

With alts down the way they are, I am relying on a Hull on the daily to filter out what is looking like it has legs.”

Image
Source: Ryan Cantering Clark/Twitter

As for Bitcoin, the crypto analyst remains long-term bullish on the top crypto asset. However, he expects BTC to continue its sideways trading in the coming months.

“I know that I might confuse people as to what I am referring to when I tweet with a bearish or bullish tone. I focus on intraday. Can keep this pinned and updated though.

Near-term: bullish on a dead cat rally.

Mid-term: bearish, no ATH (all-time high), big range.

Long-Term: $100,000+” 

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

 
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.

Featured Image: Shutterstock/Dario Lo Presti/oneinchpunch

Submit a Press Release

Industry Announcements

  • Meta Earth Network 2.0 – Pioneering Web 3.0 Innovation With Rewards and Global Events
    June 20, 2025
  • Perceptron Network Merges With BlockMesh To Create First End-to-End Decentralized AI Data Infrastructure
    June 20, 2025
  • Bubblemaps Integrates With TON, Enhancing Transparency in Telegram’s Native Blockchain Ecosystem
    June 19, 2025
  • NATIX Network Launches DePAI Initiative, Merging DePIN Infrastructure With Decentralized AI
    June 19, 2025
  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$102,889.57
$102,889.57
0.37%
Ethereum
$2,297.96
$2,297.96
4.78%
BNB
$632.55
$632.55
1.55%
Solana
$136.94
$136.94
2.27%
XRP
$2.08
$2.08
1.72%

Spotlight

  • Billionaire Mike Novogratz Details Massive Bitcoin Price Target, Says BTC Adoption As Macro Asset Approaching Maximum Speed
    June 14, 2025
  • 64,000,000 T-Mobile Records Containing Highly Sensitive Customer Data Allegedly Leaked Online As Mobile Giant Refutes Attackers’ Claims
    June 14, 2025
  • Hackers Target 12,184,351 Android Devices in Just Three Months in Push To Steal Credentials, Crack Bank Accounts: Report
    June 14, 2025
  • JPMorgan Chase, Bank of America and TD Bank Issue Data Breach Alerts, Say Critical Information on Several Customers Compromised
    June 14, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl