A widely followed crypto analyst and trader has revealed that he is optimistic about Avalanche (AVAX) and Solana (SOL) challenging Ethereum.
Popular trader Cantering Clark told his 117,000 Twitter followers that AVAX has pulled back slightly before continuing its rally.
“AVAX clearly looks like a winner. Possible short-term setup or location to add an LVN (low volume node) fill between $84-86.
It’s similar to ETH doing a replenishment before its bigger print.”
Avalanche is currently at $89.09, up nearly 30% from a seven-day low of $69.7.
Next up is the smart contract platform Solana (SOL), which Cantering Clark says is set to raise $100.
“SOL looks really good here, $100 seems to be on its way to moving. Breaking in this month’s VA (value area) range and staying above last month’s POC (checkpoint).
The base looks good.”
Solana is currently valued at $89, down about 1% from last day.
In addition to AVAX and SOL, Cantering Clark is also optimistic about the leading smart contract platform Ethereum (ETH). According to the crypto trader, Ethereum bears are showing signs of exhaustion.
“The strength of ETH over BTC is pretty clear. […] Yesterday’s low volume node (LVN) is full and now it is going higher. Namek is where he’s going in the next few weeks.”
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.