Coin Edition -
- Altcoin Sherpa remains bullish on TRUMP, noting its pullback to the .50 fib level as a potential buying opportunity.
- Reduced volatility in NOT’s price action leads Altcoin Sherpa to observe a consolidation pattern, suggesting market stability.
- TRUMP shows a 4.73% price increase in the last 24 hours, while $NOT displays a more stable trend with decreased volatility.
Crypto analyst Altcoin Sherpa recently shared on X an analysis of TRUMP’s recent price movements and positioning within Fibonacci retracement levels. He observed that TRUMP has pulled back to the .50 fib level, potentially presenting an attractive entry point for investors.
Sherpa expressed his bullish outlook on TRUMP, especially with the upcoming election period, anticipating increased mainstream media coverage that could positively influence the asset’s price. As of the latest data, TRUMP is trading at $0.062221, with a 24-hour trading volume of 108,796.86. This represents a 4.73% price increase in the last 24 hours, despite a -32.10% decline over the past seven days.
$TRUMP: this is still 1 of my bags and this is pulled back to the .50 fib, think I'm going to add to my position around here. Still bullish w. this overall narrative going into election and TRUMP will be talked about often by mainstream media. This goes berserk later too imo pic.twitter.com/lZ6aBtj1VQ— Altcoin Sherpa (@AltcoinSherpa) June 7, 2024
In contrast, Altcoin Sherpa’s perspective on NOT has shifted. He noted a significant reduction in volatility, describing the current price action as a stable consolidation pattern. This suggests that the asset is no longer experiencing the large price swings that previously characterized it.
However, Altcoin Sherpa also cautioned that NOT might test lower Fibonacci levels, such as the 0.50 level, but he did not predict a complete downturn. His recent observations imply a more cautious stance, focusing on the asset’s current consolidation rather than expecting dramatic price movements.
$NOT: This is giving distribution vibes to me. That's not me saying it's going to go allll the way back down or anything like that but I think it's going to test some lower fib levels like the .50 and lower (green box). Check the price action in the yellow box vs. now. Not the… pic.twitter.com/JELEliO0xe— Altcoin Sherpa (@AltcoinSherpa) June 5, 2024
As of today, NOT is trading at $0.0213, with a 24-hour trading volume of $1,392,291,736.57. This represents a 3.75% decline in the last 24 hours, yet a 79.94% increase over the past seven days. These figures underscore the diverse trends within the cryptocurrency market.