Ethereum-Based Altcoin That’s Up 700% in Two Months Primed To Grind All the Way Back Down

A popular crypto analyst warns that an Ethereum-based altcoin that has soared 700% in the past two months is poised to give up a significant portion of its gains.

The analyst, who goes by the name "Altcoin Sherpa," believes that TRB, which rallied from a low of $9.11 in mid-August to a high of $79 last week, has exhausted all bullish momentum.

"TRB is going to plummet all the way down to $32," Altcoin Sherpa tweeted on Tuesday.

The analyst is also keeping a close eye on the price action of Ethereum rival Avalanche (AVAX). According to Altcoin Sherpa, AVAX may rally on the back of news that the Avalanche-based social finance (SocialFi) protocol Stars Arena is once again live after succumbing to a massive security breach last week.

Altcoin Sherpa believes that AVAX could rally toward the $10.60 level in the coming days. AVAX is currently trading for $9.06.

In this video, we will discuss the following topics:

Why Altcoin Sherpa believes that TRB is primed to give up a significant portion of its gains
The factors that could drive a rally in AVAX in the coming days
What investors should keep in mind when trading these altcoins

If you're interested in learning more about Altcoin Sherpa's analysis of TRB and AVAX, be sure to watch this video!

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