Stacks

Bitcoin

Sherpa

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 Widely followed crypto trader Altcoin Sherpa is bullish on one altcoin operating in the Bitcoin (BTC) ecosystem.
 The pseudonymous analyst tells his 205,000 followers on the social media platform X that Stacks (STX) has more upside potential.
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 “STX: entry at $1.75 or around there would be excellent. Eyes on this one. I think it’s really got a lot of room to run.”
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 Source: Altcoin Sherpa/X
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 Looking at his chart, the trader suggests that STX could retest the $1.73 support level before bouncing.
 Stacks is a project that aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin.
 STX is trading for $1.90 at time of writing, after reaching a low of $1.68 in the last 24 hours.
 Next up, the trader believes the Solana (SOL) competitor The Sei Network (SEI) remains in an uptrend.
 “SEI: I would like to see it come back to the .382 ($0.58) level here again and consolidate, similar how it did around $0.22. Still bullish until shown otherwise here but wouldn’t be surprised to see a little cooling.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDZwWnzXQAAOfDk?format=png&amp;name=medium" alt="Image" width="1200" height="673">
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 Source: Altcoin Sherpa/X
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 SEI is trading for $0.78 at time of writing, up more than 17% in the last 24 hours.
 Lastly, the trader predicts memecoin Bonk (BONK) could soon hit two higher price targets.
 “BONK: makes sense that BONK bounced at the recent low. I didn’t personally play it. If you’re in this from higher (or lower), I think that you’re going to get a good opportunity for some dead rally coming (eventually). Would be a seller around $0.0000163 and also $0.0000180ish.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDZoz-bWcAAiywr?format=png&amp;name=4096x4096" alt="Image" width="2103" height="1179">
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 Source: Altcoin Sherpa/X
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 BONK is trading for $0.0000161 at time of writing, up 15% in the last 24 hours.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-altcoin-from-bitcoin-ecosystem-has-a-lot-of-room-to-run-updates-outlook-on-sei-and-bonk-tbt76353.html">https://thebittimes.com/trader-says-altcoin-from-bitcoin-ecosystem-has-a-lot-of-room-to-run-updates-outlook-on-sei-and-bonk-tbt76353.html</a>

Trader Says Altcoin From Bitcoin Ecosystem Has a Lot of Room To Run, Updates Outlook on SEI and BONK

TheBitTimes

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