A popular crypto analyst, bitcoin and Ethereum’s two rivals, Solana and Phantom, have signaled that they have a chance to rise.
The analyst, known under the pseudonym Altcoin Sherpa, has signaled to his 190,500 Twitter followers that Bitcoin may increase by at least 25% from its value of $ 24,007. gave.
“BTC: The longer it stays in this zone, the more bullish I will be. I think it’s pretty likely that we’ll eventually see a gap of up to $30,000 filled.”
He then said that Solana is heading towards the $30 range.
“wither It has done well and if BTC holds up, it could go to the mid-$30s. I’m not sure what the long term future of this crypto-asset will be, FTX/Alameda had a big bag on its hands (if I remember correctly) and who knows how it will be liquidated. Yet the culture of this chain is still good.”
NEWS CONTINUES BELOW
As Koinfinans.com reported, Solana is trading at $24.89 at the time of writing.
Phantom, on the other hand, sets a price target above $0.60. Phantom is worth $0.58 at the time of this writing.
“FTM: It looks extremely… powerful, I like that. Eventually IMO I think it will reach $0.60.”
Sherpa Also Examined Four Other Crypto Assets
The analyst stated that Avalanche (AVAX) will likely fall to $17. He said it will drop more than 20% from its value of $21.48 at the time of this writing.
“AVAX: Strong move but you will likely get offers lower, like $17. There are high volume nodes and some S/R levels in that area. The price is currently pulling back due to the S/R + 200-day EMA, which acts as a resistance in these situations.”
Then the analyst CardanoHe noted that ADA (ADA) stands up to Bitcoin but does not expect a strong rise in price, especially when compared to the upside potential of other altcoins. Cardano is trading at $0.40 at the time of this writing.
“ADA: I really see no reason to buy this crypto asset. The ADA/BTC pair looks pretty good and supportive to be honest but I don’t think it performs comparatively better than other altcoins. It still has a crazy community.”
He says that Polkadot (DOT) is underperforming compared to other altcoins and does not see a strong case for the token to move up.
“DOT: I don’t see any reason to buy this crypto asset. It wasn’t bullish relative to the rest of the market, but overall it performed terribly. I’m not a fan of the chart.”
Finally, he noted that STEPN (GMT) is likely to have bottomed out and will rise more than 38% from $0.57 to $0.79.
“GMT: If BTC is stable, I wouldn’t be surprised if there is a bottom around here and it goes up to the $0.79 region. The 200-d EMA acted as resistance but still good for now IMO. I still use this app every week and have invested in it.”
