Widely followed crypto strategist Pentoshi is anticipating rallies from Cosmos (ATOM), Bitcoin (BTC), and one low-cap DeFi altcoin.
The crypto analyst tells his 324,700 Twitter followers that the smart contract platform Cosmos (ATOM) looks ready to outperform the crypto market over the next few weeks.
[adinserter block="1"]As the token finds support around 0.0006 BTC ($35.42), Pentoshi is expecting ATOM to rise 100% against its Bitcoin pairing (ATOM/BTC) to 0.00129 BTC ($76.14).
“ATOM [in my opinion] going to be one of the best if not the best performers in the next few weeks
Chart is primed for a major move up and has all the right ingredients with [technical analysis] + [fundamental analysis] aligning
IMO going to go absolutely parabolic ala SOL / AVAX”
At the time of writing, ATOM is bouncing off support at $33 and currently trading at $37.42, according to CoinGecko.
Pentoshi’s second altcoin pick is WOO Network (WOO), a deep liquidity network connecting traders, exchanges, institutions, and decentralized finance (DeFi) platforms.
With the crypto asset currently trading at $1.31, just under resistance of its previous all-time high, Pentoshi thinks WOO is a comfortable hold with new all-time highs (ATHs) on the horizon.
“WOO update
Glory awaits, have never once sold a token. Another one that I feel comfortable with. Some things I trade, some things I hold. So far so good! Hoping they continue to grow at this speed”
As for an update on Bitcoin, he notes that the top crypto asset is showing strength after perfectly retesting a key Fibonacci level around $59,985.
“BTC gave a perfect retest at a shallow [Fibonacci] level on a 10% dip after breaking ATH’s and looks to be set up for continued price discovery”
With BTC potentially forming higher highs and higher lows, he’s targeting a bullish move to the $64,500 and $65,000 range.
“BTC low for the day likely in
Potential [higher low] on [lower time frames]
Would like to see [a] move to 64.5-65k”
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