A popular crypto analyst, Ethereum (ETH) competitor Left (LEFT) While explaining the long-term price target for Avalanche (AVAX) and Terra (LUNA), he thinks that there may be fluctuations on the side.
The crypto analyst, known by the pseudonym Inmortal, thinks that decentralized finance payment network LUNA is ready to return to the last three digits after complying with the support of around $ 80, in his posts on his Twitter account.
“Terra (Luna)will be back to $100 levels in the blink of an eye.
Terra is currently trading at $94.
Inmortal, Ethereum’s other competitor and smart contract protocol Avalanche (AVAX) announced that it is on the rise. According to the crypto analyst, AVAX will likely follow in the footsteps of LUNA.
According to the crypto analyst, smart contract platform Solana (SOL) believes it could potentially rise above 830% from its current $107 price.
“Buy SOL for under $100 and sell for over $1,000, here’s a good game.”
Inmortal, which also examines Bitcoin (BTC), said it expects BTC to rally this week after regaining the key $40,000 price level.
“The main plan for this week is long BTC on retracement of the weekly open. If the price can’t get it back, I’ll call short.”
Traders who shorted Bitcoin over the weekend are now trapped and will likely have to buy BTC to cut their losses.
Traders who short sell Bitcoin, borrow BTC from an exchange and sell it at a certain price, can only hope that the price will drop so that they can make a profit by repaying the BTC they owe at lower prices. If Bitcoin takes a stance against these biases, traders will be forced to buy at higher prices and the rally will gain strength.
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.