A popular analyst has made a prediction for Ethereum rival Solana (SOL), saying that the altcoin looks poised to continue its rise. In addition, he announced his predictions for two different cryptos. Details are here.
The pseudonymous trader known as Cantering Clark has 140,300 Twitter followers that, in the right market conditions, Solana could rally. told.
“If the market continues this pressure of ETH, the SOL will rise much more. […] In the short term, it seems that a bottom has been formed, a break may occur.”
At the time of writing, Solana is trading at 42.15. A move to the next resistance area around $75 as pointed out by Cantering Clark indicates over 80% upside potential for the SOL.
The crypto analyst reported that he is also bullish on the smart contract platform Avalanche (AVAX).
“SOL and AVAX still look really good. I think patience will be rewarded.”
At the time of writing, AVAX is trading at $23.80.
Cantering Clark is also keeping a close eye on FTT, the token that powers crypto derivatives exchange FTX. According to the crypto analyst, FTT has a strong support area on its weekly chart.
“Without spoiling the spell, I’ll just say that FTT’s risk-return ratio here is pretty attractive.”
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.