- The crypto analyst who accurately predicted the 2018 bear market bottom for Bitcoin (BTC) says that three popular altcoins are in the midst of a boom, with one of them reaching bear market bottoms. says.
Known in the industry by the nickname Smart Contracter, the analyst has 210,500 Twitter followers, the largest of the Ethereum (ETH) rival altcoins. Solana’s (LEFT) He says he broke the resistance in the symmetrical triangle formation.
“Multi-month accumulation break in SOL.”
According to CoinGecko data, SOL is changing hands at $46.98 at the time of writing.
Avalanche (AVAX) and Polygon (MATIC)
Crypto strategist, smart contract protocol Avalanche (AVAX) and Ethereum scaling solution Polygon (MATIC) He also says he bombarded the resistance of his own triangle formations.
At the time of writing, AVAX is trading at $29.44, down 1.38 percent on the day.
AAVE (AAVE)
Smart Contracter, who also closely examines borrowing and lending protocol Aave (AAVE), believes the decentralized finance altcoin is in the process of forming a bottom of the cycle against Bitcoin (AAVE/BTC).
“An old community favorite is bottoming out against AAVE BTC.”
Bitcoin (BTC)
As for Bitcoin, Smart Contracter predicts that BTC is about to break the current resistance at $24,700 and ignite a rally towards $30,000 until its next resistance.
“If BTC breaks $24,000, any corrective WXY structures from the lows are invalid in my eyes and that bullish would then be bullish accumulation.
[BTC] It hasn’t exploded yet, but I suspect it will rise.”
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.