Sherpa

<div class="dailyhodl">
 <p>A newly launched crypto asset possesses more upside potential, according to a widely followed analyst and trader.</p>
 <p>The trader pseudonymously known as Altcoin Sherpa tells his 206,900 followers on the social media platform X that he expects the native token of modular blockchain Dymension (DYM) to “go way higher”.</p>
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 <p>Modular blockchains are decentralized networks that are considered relatively more scalable and flexible than regular blockchains because they consist of separate layers that handle specific functions.</p>
 <p>According to Altcoin Sherpa, “any significant pullback” by DYM would present an entry opportunity. Based on Altcoin Sherpa’s chart, it appears that the analyst sees $6.32 as a previous significant resistance level that could potentially turn into a support zone.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF0S--lXoAE8Rtb?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Altcoin Sherpa/X
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 <p>Dymension, which launched its mainnet earlier this week, is trading at $7.75 at time of writing, up by approximately 96% from a price of $3.95 recorded on February 6th.</p>
 <p>Next up is Bitcoin (BTC). According to Altcoin Sherpa, there’s a reason to be cautious even as Bitcoin trends up based on the price action on the lower time frames. From the widely followed analyst’s four-hour chart, it appears that Bitcoin is trading at a resistance zone it was unable to rise above earlier this year.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF28ReYW8AAbSej?format=png&amp;name=4096x4096" alt="Image" width="2110" height="1179">
  <figcaption class="wp-caption-text">
   Source: Altcoin Sherpa/X
  </figcaption>
 </figure>
 <p>On his sentiment for Bitcoin based on the higher time frames, Altcoin Sherpa says,</p>
 <p><i>“Make no mistake about it though, this is still high time frame bullish. This would be the first ‘real’ weekly close above $44,000 since early December.”</i></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF28p1wXIAAUxdJ?format=jpg&amp;name=4096x4096" alt="Image" width="2132" height="1179">
  <figcaption class="wp-caption-text">
   Source: Altcoin Sherpa/X
  </figcaption>
 </figure>
 <p>Bitcoin is trading at $47,429 at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-altcoin-that-s-exploded-over-90-in-four-days-to-go-way-higher-updates-outlook-on-bitcoin-tbt79460.html">https://thebittimes.com/trader-says-altcoin-that-s-exploded-over-90-in-four-days-to-go-way-higher-updates-outlook-on-bitcoin-tbt79460.html</a></p>

Trader Says Altcoin That’s Exploded Over 90% in Four Days To Go Way Higher, Updates Outlook on Bitcoin

TheBitTimes

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