Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Open Campus secures Arbitrum Foundation EDU Chain funding

    July 8, 2024

    Sonic Unveils New Consensus Protocol, Promising 2x Speed and 68% Less Memory Use

    July 5, 2025

    Gitcoin to Sunset Grants Stack and Grants Lab by May 2025 to Refocus on Core Mission

    April 26, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025

      Bitcoin: Here's why BTC might fall to $105K despite all the hype

      July 5, 2025

      Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

      July 4, 2025

      Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish

      July 3, 2025

      Dow, S&P 500, Nasdaq mixed as investors weigh tariff talks

      July 1, 2025
    • Technology

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Bitcoin Treasuries Boom as Firms Add 8,400 BTC in Just One

      July 6, 2025

      Sonic Unveils New Consensus Protocol, Promising 2x Speed and 68% Less Memory Use

      July 5, 2025

      Why are Bitcoin and altcoins going down today?

      July 4, 2025

      Comment on XRP ETF Race Heats Up As SEC Reviews Filings by BONK Memecoin Pumps Over 16% amid ETF-Driven Interest

      July 3, 2025

      Arizona Governor Hobbs Vetoes Digital Asset Reserve Bill, Stalling State Crypto Agenda

      July 2, 2025
    • Learn/Guide

      TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

      July 6, 2025

      Russia’s industrial powerhouse Rostec to launch ruble-backed token on Tron

      July 5, 2025

      Dormant Bitcoin whale activates after 14 years and moves 60,000 BTC

      July 4, 2025

      Will the Bullish Trend Continue?

      July 3, 2025

      Coinbase acquires web3 startup Liquifi after $2.9B Deribit deal

      July 2, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Trader Says There’s No Support for Altcoin That’s Exploded Over 285% in a Month, Predicts More Pain Looming
    News

    Trader Says There’s No Support for Altcoin That’s Exploded Over 285% in a Month, Predicts More Pain Looming

    October 19, 20232 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Trader Says There’s No Support for Altcoin That’s Exploded Over 285% in a Month, Predicts More Pain Looming
    Share
    Facebook Twitter LinkedIn Pinterest Email


    A crypto trader is issuing a warning on a low-cap altcoin that has enjoyed triple-digit price appreciation in a month.

    Pseudonymous crypto analyst Altcoin Sherpa tells his 196,900 followers on the X social media platform that the decentralized applications (DApps) platform Loom Network (LOOM) is “on the way down” after experiencing “fast bull moves” over the past 30 days.

    LOOM rose from its September 19th close of $0.0462 to a five-year high of $0.407 earlier this week.

    According to Altcoin Sherpa, LOOM could rise modestly over the short term before resuming the downtrend and inflicting “more pain” as it lacks “any support.”

    Source: Altcoin Sherpa/X

    LOOM is trading at trading at $0.179 at time of writing, up by around 287% from its September 19th price of $0.0462.

    Turning to Bitcoin, Altcoin Sherpa says that he is bullish on the flagship crypto asset over the short term.

    “BTC: I think that this is going to go higher and fill out this inefficiency (price rising drastically and falling just as fast resulting in long candles and wicks). $30,200 is a one-million-dollar level. Funding negative, you know what that means…

    I still have zero clarity on where BTC is going in the midterm.”

    Source: Altcoin Sherpa/X

    A negative funding rate means there are more short positions than long positions on Bitcoin, which some traders perceive to be a bullish indicator.

    BTC is worth $28,420 at time of writing.

    Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

    Check Price Action

    Follow us on Twitter, Facebook and Telegram

    Surf The Daily Hodl Mix

    Check Latest News Headlines

    &nbsp

    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: DALLE-3





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025

    Bitcoin: Here's why BTC might fall to $105K despite all the hype

    July 5, 2025

    Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

    July 4, 2025

    Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish

    July 3, 2025
    Top Posts

    Nasdaq ISE seeks SEC approval to increase IBIT options trading limits from 25,000 to 250,000

    January 7, 2025

    Nasdaq-listed Interactive Strength plans to invest $500M in Fetch.ai’s FET token to build an AI-focused crypto treasury

    June 11, 2025

    Nikola’s CEO Michael Lohscheller Steps Down, Company Releases Q2 2023 Report

    August 4, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025

    Bitcoin: Here's why BTC might fall to $105K despite all the hype

    July 5, 2025

    Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

    July 4, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.