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 l
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Author: Daily Hodl Staff
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