The veteran analyst, known in the industry as Smart Contracter, predicts massive rallies for two altcoins in the decentralized finance (DeFi) space. Let’s take a closer look at Smart Contracter’s altcoin predictions…
Smart Contracter: Aave is one of the altcoins that could potentially increase in the coming months
Veteran analyst Smart Contracter told his 158,500 Twitter followers that decentralized lending and borrowing protocol Aave is one of the altcoins that could potentially rise in the coming months.
Smart Contracter says it is looking at Aave paired with Ethereum (AAVE/ETH) as an indicator of what the altcoin can do in the USD pair. Smart Contracter adds the following to its explanations on the subject:
Looking at the USD pair, if AAVE/ETH breaks 50% of this big bull flag on a daily basis, the USD pair will likely bounce back to its all-time highs.
Smart Contracter: I’m also watching altcoin project SushiSwap (SUSHI)
The analyst relies on the Elliott Wave theory, a technical analysis approach that aims to predict price action by following crowd psychology that emerges in waves. According to the analyst’s chart, Aave will complete its five-wave rally by November at an all-time high of $700.
According to CoinGecko, at the time of writing, AAVE is trading at $400. The analyst is also watching the automatic market maker SushiSwap (SUSHI). According to Smart Contracter, SUSHI is clearly turning technical resistances into supports and may eventually break out of the mold to reach new heights. Smart Contracter adds the following to its explanations on the subject:
SushiSwap turns clean SR (resistor support) all the way up. We may see it break soon.
Smart Contracter: SUSHI is in the middle of the longest rising third wave rally
The analyst is also watching SushiSwap match Bitcoin (SUSHI/BTC). According to Smart Contracter, SUSHI/BTC is poised to challenge its 2021 high of 0.000522, which is worth $24.71 at the time of writing. Smart Contracter adds the following to its explanations on the subject:
Imagine a perfect leap and rise from this breaking retest. I think SUSHI is somewhere that will melt faces…
According to the analyst’s chart, altcoin SUSHI/BTC is in the middle of the third-wave rally, which is the longest uptrend in the five-wave uptrend of the Elliot Wave theory.
Here are Smart Contracter’s pinpoint Bitcoin and altcoin predictions
As we previously reported , Smart Contracter has achieved many successful predictions to date. Let’s consider some of them. The famous analyst predicted $3,200 in Bitcoin, the 2020 rally, the great Bitcoin crash of 2020 and more. In addition, the popular analyst correctly predicted a series of shorter-term price movements in the cryptocurrency market over the past few months.
The analyst foreshadowed the altcoin market crash in the past months. Master analyst Smart Contracter, who stated that he expected an altcoin meltdown in the second week of February, was also right in this prediction. In addition, the analyst correctly predicted that in the last days of March, Ethereum would decrease to approximately 1,600 dollars.