As excitement reaches its peak in the cryptocurrency markets, investors are wondering which coins will rise. In Crypto Banter’s popular program “The Sniper Trading Show”, the analyst pointed out the importance of taking profits and gave important advice to investors. According to the analyst, the market is entering a different phase as Bitcoin’s dominance decreases. With interest shifting towards Ethereum and altcoins, the role of small investors is growing. Millions of small investors can create extreme enthusiasm. However, the analyst warns that not all tokens will reach record highs (ATH). He emphasizes that every investment should be profited at the right time. However, it draws attention to AVAX coin and various cryptos.
Which altcoins can move to the top? Watch out for AVAX coin, SOL, RUNE and INJ
The analyst listed the altcoins with the highest upward potential on a weekly basis. This list includes Solana (SOL), Avalanche (AVAX), Injective (INJ), ThorChain (RUNE) and Dogecoin (DOGE). The targets for Solana (SOL) are set at $400, $650 and $900, respectively. The analyst states that the current trend shows a strong upward momentum and that these levels can be reached without a decline.
On the Avalanche (AVAX) front, the first target is marked as $ 100. It is stated that if critical resistance levels are exceeded, this figure may rise up to $240. However, the analyst emphasizes that it is important to take profits at these stages if the rise slows down. Targets for Injective (INJ) are in the $40-50 range. The analyst points to past peaks of $70 and $93 as the next stage. Here, he states that it is recommended to take profit while the rise continues.
While ThorChain (RUNE) is expected to reach $ 14, targets of $ 33, $ 53 and $ 73 are listed in case of a resistance break. Dogecoin (DOGE), on the other hand, may not reach its all-time high in this cycle, according to the analyst. However, it is seen as a good opportunity to enter at current levels. It is stated that it can offer investors a potential profit of approximately 200%. For Dogecoin, it is recommended to take profits as it approaches resistance levels to prevent losses that may occur if the breakout does not occur.
Beyond enthusiasm: Cryptocurrencies need to be evaluated in the long term
The analyst emphasizes that investors should evaluate tokens not only in bullish periods but also in bear markets. He states that after the enthusiasm subsides, the true values of the tokens emerge in bear markets. The 80%-90% withdrawals experienced during these periods reveal the true values of the tokens. For this reason, it is stated that taking profits at market peaks is important to prevent losses that may occur during correction periods.
The evaluations of the cryptocurrency market expert reveal the importance of investors creating their investment strategies by taking into account both rise and fall periods. Although the coins targeted by the analyst have upward potential, taking profit should not be neglected considering the volatility of the cryptocurrency market.
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