Prominent Trader Predicts a New All-Tme-High for CYBER

• CyberConnect (CYBER) recorded an incredible rally with a 326 percent surge to hit an all-time high price last week. 

• According to one analyst, the asset is not done yet as it could stage another rally to hit $17 after its deep correction. 

Last week, most of the low-cap crypto assets staged a rally following weeks of pullbacks. While many investors are unsure about their investment decisions, pseudonymous analyst Altcoin Sherpa has hinted that some of these altcoins still have bullish potential.

According to him, social network altcoin CyberConnect (CYBER) is specifically not done yet. This asset surged by $326 percent last week to hit an all-time high of $15.79. Before its next bullish run, the analyst predicts that there could be a deep correction. 

I was away all weekend but this is the setup you should use in extremely bullish environments/bullish coins. Price will retrace to the .382 and .50 fib before moving extremely hard to the upside. Wasn’t around for this but onto the next one.

Price Analysis of the Asset

Currently, the asset is down to $7.21, however, its weekly gain is still 98 percent positive. In the last 30 days, CYBER has surged by almost 300 percent with a market cap of $79,558,386 and a 24-hour trading volume of $172,966,124. Based on the market cap, the asset is currently the 255th largest crypto asset in the world. 

According to Altcoin Sherpa, a bullish momentum would soon take over the asset after a short period of correction and could position it for a new time-high price at $17. 

Can use fibs the other way too, where we just chart the overall targets. This current area is a place to watch out for but wouldn’t surprise me at all to see this go to $17 eventually.

This run could be triggered by its recent partnership agreement with Alchemy Pay to have its token listed on its fiat On-Ramp. 

Recent Rumor about CYBER and Response by the Company

Recently, a community member claimed to have discovered an error in its initial proposal at Cyber DAO. In response, CyberConnect claims to have taken full responsibility.

We take full responsibility for this mistake and are introducing safeguards to ensure such events are never repeated.

Reports also disclose that there has been a massive demand for CYBER in South Korea as most exchanges get involved to facilitate deposits and withdrawals of the asset exclusively on Ethereum. This has led to disparities in price across these platforms. The company has, therefore, introduced the CYBER Multichain Liquidity Balance proposal to address this challenge by improving equitable and fair access to the token across the exchanges. 

The company is said to be committed to ensuring decentralized social networking on the internet. 

While short-term market volatility may serve as a distraction, the long-term success of CYBER hinges on its community, ecosystem, industry-leading products, and steadfast commitment to a better internet.

In the future, CyberConnect will unveil a revised proposal in Cyber DAO. This will focus on a bridge to ensure that the movement of CYBER across Ethereum, Optimism, and BNB Chain is freely facilitated. 

The entire crypto market is currently in “green” with the likes of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) up by 0.10 percent, 0.13 percent, and 2 percent respectively in the last 24 hours. 

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