Altcoin Sherpa, a popular crypto analyst, has identified five altcoins that he believes are displaying strength despite the volatile market conditions.

Altcoin Sherpa, known for his insights in the crypto space, shared with his 217,200 followers on the social media platform X that he sees potential in layer-1 protocol Injective (INJ), cross-chain protocol Wormhole (W), data democratization project JasmyCoin (JASMY), Bitcoin (BTC) layer-2 scaling solution Stacks (STX), and layer-1 blockchain Toncoin (TON) as bullish opportunities in the current range-bound market.

“Keep an eye on these for active trades, as a lot of assets are looking weak right now,” he advised.

The analyst highlighted Wormhole as one of his top picks, noting its strength in the current market conditions. However, he cautioned that a pullback and stagnation could still occur.

“Wormhole is among the strongest coins at the moment. I suggest watching this closely for active trading. I’m looking to buy on the breakout – if it experiences a significant pullback, it may still trade within the same range and not be ready for a major move,” Altcoin Sherpa explained.

At the time of writing, Wormhole was trading at $0.644, showing a slight decrease over the last 24 hours.

Shifting focus to JASMY, Altcoin Sherpa expressed confidence in the token, describing it as “extremely strong” and predicting a rise to its resistance level before a potential correction.

“JASMY is showing remarkable strength. I’m not entirely sure of its utility, but it remained stable today. It seems like it could reach $0.067 before any notable pullback,” he stated.

As of now, JASMY was trading at $0.0397, marking a 5.25% increase over the last 24 hours.

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