{"id":173986,"date":"2023-10-14T06:56:57","date_gmt":"2023-10-14T01:26:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=173986"},"modified":"2023-10-14T06:56:57","modified_gmt":"2023-10-14T01:26:57","slug":"trader-says-altcoin-thats-exploded-370-in-four-months-may-soon-witness-steep-correction-updates-outlook-on-bitcoin-and-dogecoin-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trader-says-altcoin-thats-exploded-370-in-four-months-may-soon-witness-steep-correction-updates-outlook-on-bitcoin-and-dogecoin-crypto-news\/","title":{"rendered":"Trader Says Altcoin That\u2019s Exploded 370% in Four Months May Soon Witness Steep Correction, Updates Outlook on Bitcoin and Dogecoin – Crypto News"},"content":{"rendered":"

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A crypto analyst says an under-the-radar altcoin could undergo steep correction after surging by triple-digit percentage points since June.<\/p>\n

The pseudonymous trader Altcoin Sherpa says<\/a> he believes the blockchain oracle altcoin Tellor Tributes (TRB<\/a>) will be one of the \u201cbest coins\u201d to short over the coming months.<\/p>\n

Altcoin Sherpa predicts TRB will \u201cgo all the way back down\u201d while attaching a chart showing a target price of around $14.<\/p>\n

Altcoin Sherpa\/X<\/figcaption><\/figure>\n

Tellor is trading at $45.90 at time of writing, up about 373% from the price of $9.70 recorded on June 12th.<\/p>\n

Turning to Bitcoin (BTC<\/a>), the pseudonymous analyst says<\/a>\u00a0the flagship crypto asset is likely to trade without a clear direction for months before the \u201cfun\u201d begins.<\/p>\n

\u201cI think we\u2019re 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.<\/i><\/p>\n

Still think that 2024 \u2013 2025 is the time for fun, try to survive until then.\u201d<\/i><\/p>\n

\"\"
Altcoin Sherpa\/X<\/figcaption><\/figure>\n

Bitcoin is trading at $26,821 at time of writing.<\/p>\n

Next up is Dogecoin (DOGE<\/a>). 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<\/a> that he is not seeing any opportunistic movements for the flagship memecoin.<\/p>\n

\"\"
Altcoin Sherpa\/X<\/figcaption><\/figure>\n

Dogecoin is at $0.0580 at time of writing.<\/p>\n

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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 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.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst says an under-the-radar altcoin could undergo steep correction after surging by triple-digit percentage points since June. The pseudonymous trader Altcoin Sherpa says he believes the blockchain oracle altcoin Tellor Tributes (TRB) will be one of the \u201cbest coins\u201d to short over the coming months. Altcoin Sherpa predicts TRB will \u201cgo all the […]<\/p>\n","protected":false},"author":2,"featured_media":173987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-173986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=173986"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173986\/revisions"}],"predecessor-version":[{"id":173989,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173986\/revisions\/173989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/173987"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=173986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=173986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=173986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}