The last week of October has started and in 2 days the Fed will announce its new interest rate decision. A very active period has begun for cryptocurrency investors. While the increasing possibility of reconciliation with China feeds the risk appetite, we cannot say that a spectacular comeback has begun yet. At least this is the case for altcoins. So what are Sherpa’s current price predictions for ENA, OP, Fartcoin and HYPE?
ENA and OP Coin
Trump discussed the Xi meeting during the just-concluded meeting between the US and Chinese Foreign Ministers. It is expected that the meeting will take place on Thursday and the previously finalized agreement will be signed. ether over 4 thousand dollars and of BTC Its indecisive stance at $115 thousand is disturbing. Fortunately, the earnings reports of trillion-dollar giants will be published in the coming days, and cryptocurrencies will probably benefit from this as the stock market continues to rise.
Going back to ENA Coin, Sherpa, who draws attention to the background of the purchases in the chart, thinks that a reserve move may be coming. The news-driven rise could be pricing in something like foreign purchases and perhaps the ENA Coin reserve announcement. Although key openings are a concern, the analyst expects fluctuation around $0.5 and then an acceleration of the rise.
OP Coin has been nothing but disappointment for a long time. It was extremely exciting in its early days, but then the increasing competition left it in the shadows and of course the liquidity in altcoins dried up, creating a ridiculous chart. The analyst thinks that moving away from OP Coin could be a good option.
“The OP is frankly pretty disappointing, it’s been in this range for most of the year and doesn’t look like it’s going anywhere. It’s probably just a transition, probably due to unlocks and not much organic demand for the actual token. If you’re into this, definitely consider moving on to something else that has more personal interest.”
Fartcoin and HYPE Coin
From the top today farcoin It’s been 160 days and the continued bad decline has caught even the Sherpa off guard. During the rise, he was voraciously saying that Fartcoin would bring good returns, and now things have turned around. When BTC exceeds the ATH level, the analyst thinks that the reversal will begin here.
Finally HYPE Coin remains among analyst favorites. The rise, supported by the news flow, allowed the $50 resistance point to be targeted again. The analyst said that lock openings are dangerous here as well and mentioned that he still continues to hold HYPE.
Let’s see what the reaction will be to this obstacle for the fifth time.
