A popular crypto analyst and trader warned Cardano (ADA) and Solana (SOL) traders, saying that smart money investors expect sharp corrections in both altcoin projects. cryptocoin.com We are giving details of Pentoshi’s analysis…
Pentoshi warns investors in these 2 altcoin projects
The anonymous crypto analyst known as Pentoshi said he expects a deep pullback after smart contract platform Solana surged from $1.51 to its current price of $168.32 in January 2021. He also pointed out that smart money can also look at charts like this one and decide it’s “time to distribute the capital.” He pointed out that “the impatient will get their money”. Still, the analyst thinks that the first quarter provided good exits for many people.
As for the leading cryptocurrency Bitcoin (BTC), Pentoshi says he is ready to change his bias once he manages to retake a key resistance level while BTC is in a bearish trend. On the other hand, Pentoshi, who is examining Cardano (ADA), says that the smart contract platform will come for a rally after the sharp drop from $ 3.00. However, he warns that the rally will be met with selling pressure that could potentially drive ADA below $1.00. For the altcoin, which is traded at $ 1.35 at the time of writing, the analyst uses the following statements:
My forecast for ADA mid or late 2022. Once we visit that level ($1.00), if we lose that level, the lights will go out. There will be tweets on Twitter: ‘If he loses this level, the lights will go out’. But actually the lights will be completely cut off.
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