Pentoshi, a closely followed crypto strategist and trader, says he predicts new highs for Ethereum (ETH), Polkadot (DOT) and two altcoins despite the ongoing correction in the cryptocurrency market. Cryptocoin. com
As , we have compiled the analyst’s predictions, let’s examine them together…
Pentoshi: I expect Ethereum to rally in the coming weeks
Popular analyst Pentoshi told his 268,200 Twitter followers that he expects Ethereum to rally in the coming weeks as the leading smart contract platform continues to trade above $3,200 support. Pentoshi adds the following to his explanations on the subject:
Late sellers are likely to be penalized and one-day, three-day and one-week support in this bull market. There is no decline in the graph here. Buyers will likely be rewarded within 1-2 weeks.
Pentoshi: Officially now I’m looking for listings for this altcoin
Looking at Polkadot, Pentoshi is optimistic about the altcoin versus Bitcoin (DOT/BTC) as he believes a fundamental catalyst could push the pair’s value higher. Pentoshi adds the following to his explanations on the subject:
I’m officially looking for entries now. I should have just been a monkey. In my opinion, this will definitely ship. FA (fundamental analysis) wise has parachains that should take this further in the next 4-6 weeks. Giga is sending vibrations right now. Price discovery on BTC pair coming soon.
Pentoshi: I think it’s $10 or more in DOT
Parachains are the heart of the Polkadot network as they can be customized to realize a variety of use cases. According to Polkadot, parachains will be launched this year.
Another cryptocurrency on the investor’s radar is the smart contracts platform Tezos (XTZ). Pentoshi predicts Tezos will rebound over 40% amid growing investor interest in tier 1 platforms. Pentoshi adds the following to his explanations on the subject:
Price discovery in USD pair next week, BTC pair rises towards upper resistance. It was delayed L1 but not anymore. There’s a lot going on organically, and cildollarser shows what’s going to happen next week for this bull. I think it’s $10 or more.
Pentoshi: I got some from this altcoin project but I’m more interested in FA
The next altcoin is the elastic blockchain network SKALE, which the analyst says is poised to go up against Bitcoin (SKL/BTC) as it continues to consolidate near resistance at 0.000008 BTC or $0.36. Pentoshi also mentions a few key catalysts that could increase the value of SKL/BTC. Pentoshi adds the following to his explanations on the subject:
I bought some, but I’m more interested in FA. Gasless NFTs (unlikely tokens) and scaling are coming. The graphic looks great, although in my opinion it becomes a movement. Swing trading range is low to high range. I think recent uptrend = accumulation towards breakout. The time frame is 2-4 weeks.