A top crypto analyst and trader named Solana (SOL), Chainlink (LINK) and three other altcoins as digital assets to watch this month.
In a newly released video, the trader using the Altcoin Sherpa alias is talking about the smart contract platform. Solana’s (LEFT) He said he expects it to take another step down and reach around $65 before starting a relief rally towards its $140 target.
“In this field [60-70 dolar] I would like to see it tapped a few times, then form some kind of bottom and then probably go up and hit this high volume node around $140 again and then probably come back.”
Another cryptocurrency on Trader’s list is the decentralized oracle network. Chainlink (LINK). Sherpa thinks it looks bullish as the altcoin is trading close to a key support area.
“You can probably consider buying altcoins at any dip for LINK. I think it is possible for us to experience a return to lower levels by going down to $15 with a double bottom, which may occur on the lower timeline charts. It looks pretty strong to me given it has high volume, moves in low ranges and we’ve seen dips buy pretty quickly.”
Blockchain-based game next on analyst’s list Axie Infinity (AXS) exists. Altcoin Sherpa expects Axie Infinity to rise strongly as the coin maintains support at $45.
“Still doubled, from $45 to $90 or some of those levels. [110 doların üzerinde] can reach. It is entirely possible for that to happen.”
While altcoin Sherpa is currently bullish on AXS, he doesn’t expect the cryptocurrency to hit an all-time high anytime soon.
Cryptocurrency analyst also has an Ethereum-based token used to pay fees on the Kyber Network. Kyber Network Crystal (KNC) is also following. According to altcoin Sherpa, even in the midst of the general bearish trend in the crypto markets, KNC looks very strong right now.
“I would personally consider buying any dip. When I was looking for resistance levels, I would have eyed about $2.40.”
The last cryptocurrency on the analyst’s radar is a developer-focused blockchain designed for scalability and stability. Near (NEAR). Altcoin Sherpa expects NEAR to drop once again before reaching its price target of $14.
“Maybe a final potential towards $8 shakeout (a situation where many traders exit a coin from their positions in the market segment at the same time, often at a loss), and I have an offer there. But overall this coin has held up pretty well to market conditions, has remained strong, and looks to me a bit better than most other cryptocurrencies at the moment.”
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.