Altcoin Sherpa, one of the frequently followed analysts in the cryptocurrency markets, painted a positive picture for Solana (SOL) in his recent statements. Sherpa stated that he expects a significant increase in the price of SOL. According to Altcoin Sherpa’s analysis, the price of Solana (SOL) may increase significantly in the coming period.
The analyst stated that the altcoin price has great potential at its current levels. According to the analyst, the price of SOL could rise much higher than its current levels.
According to Altcoin Sherpa Solana, Altcoin Sherpa’s recommendation is clear: “Buy SOL between $168 and $208 and don’t think too much about the price for the next few months.” With this recommendation, Sherpa shows investors Solana’s long-term potential and emphasizes that current price levels may present an attractive buying opportunity.
Solana is trading at $172 at the time of writing.
Your analyst on your radar Another cryptocurrency is BEAM. Altcoin Sherpa reports that there is bearish risk in this gaming-themed cryptocurrency. According to the analyst, BEAM could fall approximately 17% if a major support level is broken on the daily time frame.
“BEAM: This is one of the few gaming coins I still have for the current cycle, it’s still one I’ve held for a very long time. It is still hanging around and if it loses this level, $0.026 is next. “I won’t be selling any time soon.”
The analyst also shared his prediction for Ethena (ENA), which is up just over 100% since its token creation event earlier this week.
“ENA: I think this will eventually be pulled back significantly, but I don’t know when. New launches can cause all kinds of weird shenanigans due to lower volatilities and crazy market makers. “Drops are a buying opportunity in the short term.”
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