- A crypto strategist, widely followed by the crypto community, predicts strong upsides for two Ethereum (ETH) competitors and one additional altcoin.
The crypto analyst, known by the pseudonym Pentoshi, told his 590,600 Twitter followers that smart contract platform Solana (SOL) is one resistance away from igniting a nearly 40 percent rise from current prices.
“I think SOL will take a deep breath over here.. if it closes above $45 [SOL] It will most likely turbo pump. ”
At the time of writing, SOL is trading at $42.82.
Cardano (ADA)
Koinfinans.com As we reported, another smart contract platform that the analyst examined was Cardano (ADA). According to Pentoshi, a close above the resistance around $0.55 opens the possibility of a 25 percent rally for Cardano.
“If ADA closes here today, the next resistance will be on the table”
Cardano, which is trading with a decrease of over 3 percent compared to the previous day, is at $ 0.51 at the time of writing.
Polygon (MATIC)
Another altcoin on the investor’s watchlist is Polygon (MATIC), a blockchain scaling solution. Pentoshi said that a break of the $0.98 resistance on the MATIC could trigger a rally for the token to reach around $1.30.
“In resistance. However, a clean break here could trigger a big rally.”
MATIC is changing hands at $0.94 at the time of writing.
Ethereum (ETH)
Pentoshi, who also examines the leading smart contract platform Ethereum, warns traders that ETH may experience significant correction as it struggles to break the $1,700 resistance.
We sow the seeds of doubt. This, like other tweets, would be pretty poetic if it happened. The cattle are well fed. What if it’s time to get that sweet, sweet meat from the butcher?”
ETH, which is trading with a decrease of about 2 percent, is trading at $ 1,680 at the time of writing.
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.