{"id":276222,"date":"2025-06-06T02:24:57","date_gmt":"2025-06-06T02:24:57","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/trader-warns-bitcoin-is-in-cancerous-price-action-says-one-ethereum-based-altcoin-thats-exploded-143-in-one-month-will-go-higher\/"},"modified":"2025-06-06T02:24:57","modified_gmt":"2025-06-06T02:24:57","slug":"trader-warns-bitcoin-is-in-cancerous-price-action-says-one-ethereum-based-altcoin-thats-exploded-143-in-one-month-will-go-higher","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=276222","title":{"rendered":"Trader Warns Bitcoin Is in \u2018Cancerous Price Action,\u2019 Says One Ethereum-Based Altcoin That\u2019s Exploded 143% in One Month Will Go Higher"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>A widely followed crypto analyst is warning traders to stay away from Bitcoin (<a href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\" rel=\"noopener\" target=\"_blank\">BTC<\/a>) in the short term, while updating his outlook on a surging Ethereum (<a href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\" rel=\"noopener\" target=\"_blank\">ETH<\/a>)-based altcoin.<\/p>\n<p>In a new thread, pseudonymous crypto trader Altcoin Sherpa <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1930585339917476073\" rel=\"noopener\" target=\"_blank\">tells<\/a> his 247,600 followers on the social media platform X that the top crypto asset by market cap has seen \u201ccancerous\u201d price action during the last few days.<\/p>\n<p><em> \u201cCancerous price action for BTC the last few days, better to stay away from the market if in active trades (impossible).\u201d<\/em><\/p>\n<figure id=\"attachment_311028\" aria-describedby=\"caption-attachment-311028\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GsrRCK9aAAEtxkT?format=jpg&amp;name=4096x4096\" alt=\"GsrRCK9aAAEtxkT\" width=\"1024\" height=\"824\"\/><figcaption id=\"caption-attachment-311028\" class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>According to Sherpa, the flagship digital asset could <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1930227202559242553\" rel=\"noopener\" target=\"_blank\">dip down<\/a> to the low $104,000 range if it loses its current support level.<\/p>\n<p><em> \u201cStill choppy, no real momentum in either direction right now. Still long but pretty small size (still have spot). Wouldn\u2019t be surprised to see the low $104,000 at this point if current level doesn\u2019t hold for BTC.\u201d<\/em><\/p>\n<figure id=\"attachment_311028\" aria-describedby=\"caption-attachment-311028\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GsmLZgxasAAk3Xo?format=jpg&amp;name=4096x4096\" alt=\"GsmLZgxasAAk3Xo\" width=\"1024\" height=\"824\"\/><figcaption id=\"caption-attachment-311028\" class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>BTC is trading for $104,549 at time of writing, a fractional decrease on the day.<\/p>\n<p>Moving on to the S&amp;P 500-based parody memecoin SPX6900 (<a href=\"https:\/\/dailyhodl.com\/currencies\/spx6900\/\" rel=\"noopener\" target=\"_blank\">SPX<\/a>), the analyst <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1930589666723684789\" rel=\"noopener\" target=\"_blank\">says<\/a> that its chart appears healthy and that the asset should continue its upward ascent as long as BTC remains stable.<\/p>\n<p><em>\u201cI don\u2019t care what you people say, that chart is pretty damn incredible given the conditions. This one goes higher in the mid-term as long as BTC is stable, in my opinion.\u201d<\/em><\/p>\n<figure id=\"attachment_311028\" aria-describedby=\"caption-attachment-311028\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GsrVB3vaAAAb7sx?format=png&amp;name=4096x4096\" alt=\"GsrVB3vaAAAb7sx\" width=\"1024\" height=\"824\"\/><figcaption id=\"caption-attachment-311028\" class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>SPX is trading for $1.18 at time of writing, a fractional decrease on the day. On May 7th, it was valued at just $0.477.<\/p>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Check <a href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Surf <a href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/p>\n<h6>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 losses 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.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt;\"><em>Featured Image: Shutterstock\/badrus soleh\/Sensvector<\/em><\/span><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>A widely followed crypto analyst is warning traders to stay away from Bitcoin (BTC) in the short term, while updating his outlook on a surging Ethereum (ETH)-based altcoin. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 247,600 followers on the social media platform X that the top crypto asset by market cap [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":276223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12030],"tags":[6336,12981,46206,12920,17058,103799,10954,21936,21030,30532,17059,11029,5491,1820,1924,23869,23868,11048,11086,18063],"dealstore":[],"offerexpiration":[],"class_list":["post-276222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-action","tag-altcoin","tag-altcoin-sherpa","tag-bitcoin","tag-btc","tag-cancerous","tag-crypto","tag-eth","tag-ethereum","tag-ethereumbased","tag-exploded","tag-higher","tag-month","tag-news","tag-price","tag-spx","tag-spx6900","tag-trader","tag-trading","tag-warns"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trader Warns Bitcoin Is in \u2018Cancerous Price Action,\u2019 Says One Ethereum-Based Altcoin That\u2019s Exploded 143% in One Month Will Go Higher - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=276222\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trader Warns Bitcoin Is in \u2018Cancerous Price Action,\u2019 Says One Ethereum-Based Altcoin That\u2019s Exploded 143% in One Month Will Go Higher - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A widely followed crypto analyst is warning traders to stay away from Bitcoin (BTC) in the short term, while updating his outlook on a surging Ethereum (ETH)-based altcoin. 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