A crypto analyst says an under-the-radar altcoin could undergo steep correction after surging by triple-digit percentage points since June.
Altcoin Sherpa predicts TRB will “go all the way back down” while attaching a chart showing a target price of around $14.
Tellor is trading at $45.90 at time of writing, up about 373% from the price of $9.70 recorded on June 12th.
“I think we’re still in a period of heavy chop with no true breakout yet. Reminds me a lot of 2019, where prices traded up and down, above and below the 200-day EMA (exponential moving average) with weird spikes everywhere.
Still think that 2024 – 2025 is the time for fun, try to survive until then.”
Bitcoin is trading at $26,821 at time of writing.
Next up is Dogecoin (DOGE). While attaching a chart showing DOGE is on the verge of retesting a support level that has held for over 14 months, Altcoin Sherpa says that he is not seeing any opportunistic movements for the flagship memecoin.
Dogecoin is at $0.0580 at time of writing.
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