A renowned crypto analyst is highlighting five altcoins that he believes are displaying strength despite the volatile market conditions.

Altcoin Sherpa, a pseudonymous crypto trader with 217,200 followers on X, suggests that Injective (INJ), Wormhole (W), JasmyCoin (JASMY), Stacks (STX), and Toncoin (TON) are looking bullish in a market that is mostly range-bound.

In a recent update, Altcoin Sherpa advises his followers to keep an eye on these altcoins for potential active trades, noting that many other assets are not performing well currently.

Among the five altcoins, Wormhole stands out as one of Altcoin Sherpa’s top picks. However, he cautions that there is a possibility of a pullback and advises traders to wait for a breakout before considering a trade.

As for JASMY, Altcoin Sherpa expresses confidence in the token, describing it as “extremely strong” and predicting a rise to its resistance level before a correction occurs.

At the time of writing, W is trading at $0.644, showing a slight decrease over the past 24 hours. On the other hand, JASMY is trading at $0.0397, reflecting a 5.25% increase during the same period.

It is important to note that the opinions expressed by Altcoin Sherpa are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl recommends caution and due diligence in all trading activities.