A closely tracked crypto strategist is mapping out the potential bottom for one Ethereum (ETH) challenger while predicting bounces for Cosmos (ATOM) and The Graph (GRT).
Pseudonymous analyst Altcoin Sherpa tells his 174,500 Twitter followers that developer-focused blockchain Near Protocol (NEAR) is likely close to printing a local bottom.
“I’m guessing this finds a short-term bottom around here to $10. It’s a current demand area, and this is also a PoC (point of control)/200-day EMA (exponential moving average) on volume profile.”
Trending: WATCH: President Trump Unveils New Book!
Source: Altcoin Sherpa/Twitter
At time of writing, NEAR is changing hands for $10.47, down almost 50% from its all-time high of $20.44 which it printed earlier this year.
Another coin on the trader’s list is the native token of Cosmos (ATOM), a decentralized network