A closely followed crypto strategist believes that one red-hot altcoin in the Bitcoin (BTC) ecosystem is primed for another big move up.
Pseudonymous analyst Altcoin Sherpa tells his 202,400 followers on the social media platform X that he remains bullish on Ordinals (ORDI), a project that aims to add value to each Satoshi, the smallest unit of value on Bitcoin.
“ORDI: this one looks like it’s gearing for another leg potentially.”
Looking at his chart, the trader suggests that ORDI is in an uptrend after bouncing off the key $69.80 level.
ORDI closed September 29th at $3.59 and reached an all-time high this week of $81.96, a more than 22X gain. ORDI has retracted slightly and is trading for $75.52 at time of writing.
Next up, the trader picks a possible Fibonacci retracement level of $0.36 for soaring Solana (SOL) competitor Sei Network. However, he suggests it may be a while before SEI dips.
“SEI: dip buying opportunity incorrect for now … this one keeps running. Still one of the strongest alts to trade for this cycle.”
SEI is trading for $0.57 at time of writing, up 24.1% in the last 24 hours.
Moving on to Bonk (BONK), the trader says that the memecoin is likely printing a bearish pattern with a lower high price pattern.
“BONK: Good move today, Get ready to sell for BONK. Lower high incoming IMO.”
Bonk is trading for $0.0000153 at time of writing, up 12.3% in the last 24 hours.
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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.
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