A popular crypto analyst names two altcoin projects that he believes will soon rise to values last reached in 2022. The analyst also warns about the recent favorite Solana (SOL Coin)!
Analyst expects strong moves from STX!
cryptokoin.comAs you follow from , spot Bitcoin ETF developments are in the focus of the market. Experts have different approaches to where a Bitcoin ETF will move the market. However, some analysts are hopeful that the future is bright. Especially regarding some tokens. The analyst nicknamed Altcoin Sherpa expects strong moves from Stacks (STX) in the near future. The analyst says it will push the token above the $1.73 level, which it has not traded above for nearly two years. In this context, the analyst said, “STX: All-time high is approaching.” says.
Stacks is a project that aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin (BTC). Meanwhile, at the time of writing, STX was trading at $1.66, up 6.9% in the last 24 hours. STX reached its all-time high (ATH) in December 2021 at $3.39.
Altcoin Sherpa: LDO will break ATH soon!
The analyst’s second bullish altcoin pick is Lido DAO (LDO), a crypto project that aims to allow users to stake Ethereum (ETH) without locking up assets or maintaining infrastructure. The analyst said, “LDO will break ATH soon. One of the best.” says.
The analyst predicts that LDO will soon rise above the $3.89 level where it was last traded in April 2022. Meanwhile, LDO was trading at $3.07 at the time of writing, down 3.45% in the last 24 hours. LDO reached its all-time high of $7.30 in August 2021.
Analyst expects sharp correction for SOL Coin after a rally
Finally, the analyst expects Solana (SOL Coin) to surpass the $120 level before declining. However, he warns that after this rally, the price will soon fall to the Fibonacci retracement levels of $84.50 and $71.67. In this direction
LEFT: In theory, this should probably go up given all the liquidity raised. However, I think this still needs some time to cool down. I wouldn’t be surprised to see this drop back to lower levels like $70-80.
Meanwhile, SOL Coin was trading at $101.2 at the time of writing, up 2.2% on a daily basis. SOL Coin recorded an increase of approximately 70% on its monthly chart.
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