Crypto Analyst Altcoin Sherpa Predicts Upside for Arbitrum and Injective, Uncertain on Bitcoin Near-Term Trend

Crypto analyst Altcoin Sherpa sees continued upside for layer-2 token Arbitrum and predicts it could reach $1.15.

Altcoin Sherpa expects decentralized exchange Injective to dip to around $7.50 before rallying to his target of $9.40.

The analyst believes Bitcoin is likely headed to test resistance around $30,000 but remains uncertain of its larger trend.

Altcoin Sherpa notes he is focused on altcoins currently but will be observing Bitcoin closely.

The analyst provides his analysis and price targets on the social media platform X.