Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Says Ethereum Rival Terra (LUNA) Bottoming Out, Predicts Rallies for NEAR and Two Other Altcoins

by Daily Hodl Staff
May 4, 2022
in Altcoins, Trading

A closely tracked crypto strategist is mapping out the bottom for Ethereum (ETH) challenger Terra (LUNA) while expecting rallies for Near Protocol (NEAR) and two additional altcoins.

Pseudonymous crypto analyst Altcoin Sherpa tells his 174,500 Twitter followers that decentralized finance (DeFi) payment network Terra is likely one leg down away from carving a local bottom.

“LUNA: Close enough to the 200-day exponential moving average for this to still hold as support but this area has been tested several times already. Wouldn’t mind seeing a spike to the high $60s for this to maybe bottom.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, Terra is valued at $82.60.

Next up is another Ethereum competitor, NEAR, which Altcoin Sherpa believes is poised to ignite a relief rally after an almost 40% correction from its all-time high of $20.44.

“I still think this area is good for a short-term bounce at a minimum given the 200-day exponential moving average + 786 Fibonacci level. That said, I don’t expect this to break all-time highs from this area personally.” 

Image
Source: Altcoin Sherpa/Twitter

NEAR is currently changing hands for $12.33, up over 5% in the last 24 hours.

Another altcoin on the trader’s list is DAO Maker (DAO), the governance token of the DAO Maker platform, a decentralized finance and venture capital fund for tokenized startups built on the Ethereum blockchain.

According to Altcoin Sherpa, he sees DAO rallying over 20% from its current price of $3.28.

“I think this is one of the better-looking altcoin charts right now. [The] 200-day exponential moving average could act as resistance, but this one held up pretty well over the last few weeks despite the market dumping. I think $4 is coming soon.”

Image
Source: Altcoin Sherpa/Twitter

The last coin on the analyst’s radar is the non-fungible token (NFT) marketplace LooksRare (LOOKS). Altcoin Sherpa says LOOKS needs to take out its immediate resistance to sustain its bullish momentum.

“LOOKS is still moving. I added at $1.40, but wish I added even more. I liked the confluence of 786 [Fibonacci level] + POC [point of contro] of the entire price history. Needs to break $2.20 though.”

Image
Source: Altcoin Sherpa/Twitter

At time of writing, LOOKS is trading at $1.58, down over 11% in the past day.

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
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 loses 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/Fotomay/HilaryDesign

Submit a Press Release

Industry Announcements

  • Swappi’s New Launchpad Feature To Bring IDOs to Conflux
    May 20, 2022
  • First Global Web 3.0 Eco Innovation Summit Comes to Singapore
    May 20, 2022
  • Wombat Soars to $40 Million in Total Value Locked While Still at Beta
    May 20, 2022
  • Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks
    May 19, 2022
  • Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game
    May 18, 2022
  • Sneakmart Announces a Collaboration With StockX on Its First Metakicks Drop
    May 18, 2022
  • Everyrealm and Storyverse Partner To Create Interactive Stories for NFT Communities
    May 18, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$29,466.00
$29,466.00
0.03%
Ethereum
$1,977.91
$1,977.91
0.21%
Cardano
$0.53506
$0.53506
1.01%
XRP
$0.413921
$0.413921
0.1%
Dogecoin
$0.085192
$0.085192
0.23%

Spotlight

  • Two Ethereum Rivals Are Primed To Break Out This Week, According to Top Crypto Analyst
    May 16, 2022
  • Tech Mogul Jack Dorsey Doubles Down on Bitcoin, Says BTC a Global Standard for Money Transmission: Report
    May 18, 2022
  • Citadel Capital CEO Ken Griffin Says Terra (LUNA) ‘Fiasco’ Should Be a Wake-Up Call for Regulators
    May 21, 2022
  • CEO of $7,000,000,000 Hedge Fund Says Firm Hasn’t Sold Any Crypto Positions During Market Collapse
    May 16, 2022

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl