Crypto Analyst Predicts Wild Leg Up for Ethereum, Unveils New Price Target for Axie Infinity

A top crypto analyst and trader says Ethereum is setting up for a wild rally as he unveils his new price target for blockchain-based game Axie Infinity.

The pseudonymous analyst known as Pentoshi tells his 333,400 Twitter followers that he expects Ethereum (ETH) to go on a massive surge as it threatens to print a new higher high.

ETH. On [the] verge of price discovery. [The] Next leg up should be one of the wildest yet. Looks great vs BTC as well.”

Source: Pentoshi/Twitter

According to Pentoshi, Ethereum has no resistance in sight and could abruptly climb over 15% from its current price of $4,339.

“Have a feeling a lot of people are underexposed to ETH, myself included, but vacation has me being more conservative. But there is only clear skies ahead. Could see $5,000 rapidly if this breaks out.”

The crypto analyst is also looking at play-to-earn game Axie Infinity (AXS), which he notes has taken out its immediate resistance at $145.

“AXS looks ready to head for $200+ here. Price discovery awaits. Incredibly bullish market structure.”

Source: Pentoshi/Twitter

Pentoshi is also tracking the performance of Cosmos, a protocol that aims to be the “internet of blockchains.” According to the crypto strategist, Cosmos could be poised to print a bullish higher low (HL) setup against Bitcoin.

“ATOM. Added a little here. Will continue to add. Bottom in, in my opinion, and this is an HL forming.”

Source: Pentoshi/Twitter

Source link

You May Also Like