Crypto Analyst Predicts Massive Downside for Ethereum Rival Polkadot, Updates Forecasts for Cosmos and LooksRare
— Play, Term reversal pattern .“, Reversal patterns quite yet, Buying, Looksrare, Heavy downtrend, Pretty big failure, Polkadot, Digital assets, Scalability — 1 min read
Polkadot (DOT) could witness a massive 56% haircut from its current price level before finding some stability. Analyst Altcoin Sherpa is also keeping an eye on altcoins Cosmos (ATOM) and LooksRare (LOOKS) ATOM and LOOKS are still in a heavy downtrend but there’s a chance that they could print a short-term reversal pattern. At time of writing, DOT is changing hands for $6.85; ATOM is currently valued at $0.27; LooksRare is trading at $1.27, down nearly 4% on the day. The strategist sees Bitcoin (BTC) lingering in bear territory for an extended period of time before the bottom can be found. Source