Crypto Analyst Says Bitcoin in a Potential Big Move Upwards, Updates Outlook on Sui, Aptos and Eigenlayer
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin ( BTC ) while offering his outlook on three altcoins.
The analyst pseudonymously known as Sherpa tells his 224,200 followers on the social media platform X that Bitcoin is experiencing “extremely tight” price compression as evidenced by the convergence of the 25-period, 55-period, 100-period and the 200-period exponential moving averages on the daily chart.
The pseudonymous analyst says,
“Big move coming, probably to the upside.”
Source: Altcoin Sherpa/X
Bitcoin is trading at $62,150 at time of writing.
Next up is layer-1 altcoin Sui ( SUI ). According to Sherpa, Sui has witnessed “insane” price performance over the past couple of weeks. The widely followed analyst, however, says that the supply of Sui is going to increase in future.
“This makes a great trade but maybe not the best hold given unlocks.”
Source: Altcoin Sherpa/X
Sui is trading at $1.92 at time of writing, up by over 100% over the past 30 days.
Next up is the native token of layer-1 blockchain Aptos ( APT ). The pseudonymous analyst says ,
“APT: not sure how this is in the long run but it definitely looks really strong in the short term. Probably would be a good spot trade here where you just sit on it and wait for it to go to $10+. Decent coin.”
Source: Altcoin Sherpa/X
Aptos is trading at $9.12 at time of writing, up by nearly 50% over the past 30 days.
Next up is the Ethereum restaking protocol Eigenlayer ( EIGEN ). Sherpa says that the relatively new restaking protocol is at a crossroads.
“Better to wait for the true break and then hop on the train later in my opinion. We will see if this actually has any sort of sustained momentum.”
Source: Altcoin Sherpa/X
Eigenlayer is trading at $4 at time of writing.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: DALLE-2
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump’s oil donors are getting what they paid for – and they know it
Share link:In this post: Trump’s top oil donors are now directly influencing U.S. energy policy from inside his administration. Oil companies are receiving major tax breaks, permit approvals, and regulatory rollbacks. Despite policy wins, oil prices remain low and industry layoffs are increasing.
El Salvador marks Bitcoin Day with 21 BTC purchase
Share link:In this post: El Salvador adds another 21 BTC on the nation’s Bitcoin Day, worth roughly $2.3 billion at current prices. The country now holds around 6,313.18 BTC, worth around $702 million. The nation also redistributed its holdings last month across multiple addresses, with a cap of 500 BTC per address.
As ‘Bowie Bonds’ go mainstream, can crypto apply the tokenized IP rights model?
Share link:In this post: Mainstream markets are absorbing a growing number of IP rights deals backed by music catalogues. In 2025, an estimated $4.4B to $6.7B in music IP rights were sold as bonds, with ratings coming from the leading agencies. The crypto space also revived the IP rights narrative, with new projects offering tokenized royalties.
Should you quit your stable job and go all in on cryptocurrency?
If you are young, have some savings, and possess certain advantages and connections in this field, you might as well give it a try.
Trending news
MoreCrypto prices
More
