Cardano, Cosmos, and three different altcoins which can be inflicting huge rallies, in accordance with analyst Scott Melker – The Every day Hodl

Advertisements

Well-respected crypto strategist and trader Scott Melker is keeping a close eye on Cardano, Cosmos, and three other altcoins that he says will spark major rallies.

In a new strategy session, the crypto analyst tells its 78,100 YouTube subscribers that it’s clear skies for Cardano after the smart contract platform broke its previous high of $ 2.47.

“The bottom line was that you saw what Solana (SOL) and LUNA (Terra) and all these coins did in terms of pricing. This is the new all-time high for ADA. Continues to hit all-time highs. For now there is no reason to believe that it will stop. ”

According to Melkers chart, his initial price target for Cardano is around $ 3.40, which is a potential gain of nearly 20% from the current price of $ 2.85.

Another coin on the trader’s radar is Cosmos (ATOM), a project designed to help developers build various blockchains that can handle and share data to create a decentralized internet of blockchains. According to Melker, Cosmos is only one area of ​​resistance away from meeting its price target.

“Looking at the USDT pair, a very clean breakout of the trading range hit after falling in May. The same as Bitcoin. Now it’s about that again ($ 17) … So now we have the break. It hasn’t been retested … So again either buy a decline here or wait to clear this supply area and buy here ($ 23) looking for a target in the $ 32 area. ”

Next up is the Avalanche (AVAX) smart contracts platform, which Melker says will hit its all-time high of around $ 60 again.

“This looks like a massive move, a great dip-buy opportunity if you get it. And look at that volume … that’s absolutely amazing when you compare it to the total volume in this downtrend and this consolidation. “

The fourth coin is the Elrond Internet-Scale Blockchain (EGLD). According to the crypto analyst, EGLD is preparing to turn off its immediate resistance.

“A close above $ 148.65, same thing, either you get greedy or you buy it here ($ 156) or you try to catch it here for support ($ 148.65).”

According to Melkers chart, a break of $ 148.65 could bring the EGLD to $ 203 first and then to $ 245.

The last crypto asset on the list is the automated market maker SushiSwap (SUSHI), which Melker says is in the process of converting the resistance at $ 13.50 into support.

“This is the calm you are looking for. It’s happening right now. This should be aimed at $ 22,537. And there isn’t much resistance in that area (between $ 13.50 and $ 22.53).

I

Don’t Miss A Beat – Subscribe to crypto email notifications straight to your inbox

Follow us on Twitter, Facebook and Telegram

Surf the daily Hodl mix

Check the latest headlines

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are made at your own risk and that you are responsible for any losses. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Selected image: Shutterstock / IM_VISUALS


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News Cardano

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News

Input Output Global (IOG) had earlier informed members of the Cardano ecosystem of the...

By wpadminsonic164
Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews Cardano

Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews

Source: Adobe Stock / TANATPON Cardano (ADA)'s long-awaited Vasil upgrade, which aims to improve...

By wpadminsonic164
Cardano Becomes Most Actively Developed Project in Crypto Industry – U.Today Cardano

Cardano Becomes Most Actively Developed Project in Crypto Industry – U.Today

Arman Shirinyan Despite fundamental growth and high development activity, Cardano fails to satisfy investors'...

By wpadminsonic164
Cryptographic forms of money Price Prediction: SafeMoon, ApeCoin and Cardano — Asian Wrap 1 July – FXStreet Cardano

Cryptographic forms of money Price Prediction: SafeMoon, ApeCoin and Cardano — Asian Wrap 1 July – FXStreet

Can the second half of 2022 be kind to SafeMoon price? SafeMoon price shows...

By wpadminsonic164
Cardano: Devil is in the subtleties as ADA goes crazy – AMBCrypto News Cardano

Cardano: Devil is in the subtleties as ADA goes crazy – AMBCrypto News

Cardano [ADA] went through one of its biggest developments in June after the Vasil...

By wpadminsonic164
Cardano Critic Makes U-Turn After Calling It “Ph.D. Memorial park,” Praises Incoming Upgrades – U.Today Cardano

Cardano Critic Makes U-Turn After Calling It “Ph.D. Memorial park,” Praises Incoming Upgrades – U.Today

Bill Barhydt, CEO of Abra, seems to be biting his tongue concerning the Cardano...

By wpadminsonic164
Virtuoso X Onboards Four (4) New Projects – Cardano Feed Cardano

Virtuoso X Onboards Four (4) New Projects – Cardano Feed

Genius Xa premium business accelerator program on Cardano, is pleased to announce the third...

By wpadminsonic164
Cardano SPO Column: Hedges Stake Pool [HEDGE] – Cardano Feed Cardano

Cardano SPO Column: Hedges Stake Pool [HEDGE] – Cardano Feed

This week's guest on the Cardano SPO Column is a stake pool operated by...

By wpadminsonic164

Latest Posts

Begin Your Crypto Investing Journey With 100x Potential Gems: Gnox (GNOX), Shiba Inu (SHIB), And Dogecoin (DOGE) – TechCabal Dogecoin

Begin Your Crypto Investing Journey With 100x Potential Gems: Gnox (GNOX), Shiba Inu (SHIB), And Dogecoin (DOGE) – TechCabal

Who doesn't want that 100X gem? It is one of the reasons most people...

By wpadminsonic164
Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News Cardano

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News

Input Output Global (IOG) had earlier informed members of the Cardano ecosystem of the...

By wpadminsonic164
Why Market Crash ?🚨 Crypto News Today | Why Crypto Market Going Down Today Videos

Why Market Crash ?🚨 Crypto News Today | Why Crypto Market Going Down Today

Why Market Crash ? Crypto News Today | Why Crypto Market Going Down Today...

By wpadminsonic164
Emily Elizabeth Leaves Massive Chest Hanging In Tiny Polka Dot Bikini – The Blast Polkadot

Emily Elizabeth Leaves Massive Chest Hanging In Tiny Polka Dot Bikini – The Blast

Emily Elizabeth spills out of her bikini once again! The influencer recently delighted her...

By wpadminsonic164
Solid Altcoins to Look Into During the 2022 Bear Market – Neo (NEO), Kusama (KSM) and Mushe Token (XMU) – Cryptopolitan Stellar

Solid Altcoins to Look Into During the 2022 Bear Market – Neo (NEO), Kusama (KSM) and Mushe Token (XMU) – Cryptopolitan

Anyone that has been around the crypto industry long enough is no stranger to...

By wpadminsonic164
São Paulo court freezes records of Binance contact to Brazilian banks – The Brazilian Report Binance

São Paulo court freezes records of Binance contact to Brazilian banks – The Brazilian Report

Jul 04, 2022 16:06 2 min read The top state-level court in São Paulo...

By wpadminsonic164
Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews Cardano

Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews

Source: Adobe Stock / TANATPON Cardano (ADA)'s long-awaited Vasil upgrade, which aims to improve...

By wpadminsonic164
Bitcoin'un çöküşü, kripto parayı yasallaştıran El Salvador'u nasıl etkileyecek? Videos

Bitcoin'un çöküşü, kripto parayı yasallaştıran El Salvador'u nasıl etkileyecek?

Son dönemde Bitcoin dahil birçok kripto para biriminde sıra dışı değer kaybı yaşanıyor. Kasım...

By wpadminsonic164