Trader Forecasts a New All-Time High for Altcoin with a Remarkable 326% Weekly Surge – Discover His Price Target
A Respected Crypto Analyst Suggests That a Low-Cap Altcoin, Which Outperformed During the Market Downturn Last Week, May Continue Its Bullish Momentum.
Pseudonymous analyst Altcoin Sherpa, with a following of 196,200 on the social media platform X, is closely monitoring the social network altcoin CyberConnect (CYBER).
This altcoin garnered attention among crypto traders for its remarkable 326% surge last week, reaching an all-time high of $15.79 on September 1st.
During CyberConnect's rapid ascent, Altcoin Sherpa cautioned that the coin could potentially undergo a significant corrective pullback, advising traders to exercise caution as CYBER achieved an all-time high.
"This current zone demands careful observation... With everyone shorting aggressively and getting caught off guard, you might later witness a substantial sell-off.
At the time of this report, CYBER is currently trading at $7.32, reflecting a decline of more than 40% within the past 24 hours.
Despite the ongoing correction, Altcoin Sherpa anticipates a resurgence in CYBER's bullish trajectory, potentially leading to a new all-time high. However, the specific timeline for this expected achievement remains uncertain.
"But [it] wouldn't be surprising at all to witness a climb to $17 eventually."
A move towards the $17 mark indicates a potential upside of over 132% from CYBER's present price level.
Sep 04, 2023