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A widely followed crypto analyst and trader is warning that an altcoin market bounce may end up being short-lived. In a new post, pseudonymous crypto trader Altcoin Sherpa tells his 243,900 followers on the social media platform X that alts may give up gains after bouncing based on historical precedence. He also says Bitcoin (BTC) may soon flip $84,000 into support and that the flagship crypto asset could maintain bullish momentum by breaking through the $89,000 level. “BTC looks like $84,000 is the first test that is going to break (to the upside) and we’re ok in that department. $89,000 would be my next level of interest overall. Alts looking like they’ll give a temporary bounce but not sure how strong (yet). Be on guard.” Source: Altcoin Sherpa/X Looking at his chart, the analyst suggests that if Bitcoin can regain $98,703 as support, the flagship crypto asset may print new all-time highs. However, he warns if $78,167 breaks down as ...

A cryptocurrency analyst and trader is turning bullish on Tron (TRX) amid the native token of the layer-1 blockchain going up by over 20% in the past month. In a new video, the analyst pseudonymously known as Sherpa tells his 11,300 YouTube subscribers that over the past couple of years, the price of Tron has performed relatively better compared to other altcoins. “TRX has been one of the strongest coins the last entire stretch. If you look at it, the fact that TRX is actually near all-time highs [recorded] back in March of 2021 is actually incredible. The number of coins that are actually near all-time highs from 2021 is very very very few. TRX was the one that actually managed to get up to that point.” TRX is trading at $0.151 at time of writing. Sherpa, however, says that Tron’s chart currently “looks pretty ugly” and he is consequently bearish on the altcoin over the near term. “It’s actually one of the strongest altcoins overall. That bein...