A closely watched cryptocurrency strategist is predicting that one of Ethereum's (ETH) competitors could see a massive rally following a market correction.
Pseudonymous Analyst, Altcoin Sherpa To tell His 215,600 followers on social media platform There is.
“SOL: As long as the alternative market continues to bleed, $120 may be the next thing to look at. That being said, I still feel strongly that SOL will go above $500 this year. Dollar The cost is average, so please wait for a while.
Solana is trading at $125 at the time of writing, down nearly 7% in the past 24 hours.
Next is the contractor To tell Smart contract platform Avalanche (AVAX) could move higher after holding $31.18 as support.
“AVAX: I haven’t checked this chart in a while, but I sold all of my AVAX at around $40 in the initial prep. I’m hoping this cycle goes well. We have great technology. However, it is important to note that this increases supply to the market and reduces selling pressure. ”
Avalanche is trading at $32.49 at the time of writing, down 5.7% in the past 24 hours.
Finally, the merchant Warning If Bitcoin (BTC) fails to maintain the important support range in the low-$60,000 range, it could fall to the low-$50,000 range.
“BTC: This area will continue to be supported until indicated otherwise. I admit it’s scary and it looks like a weakening area (the longer it takes to test, the weaker it gets), but this is still a bid. Below that, in my opinion, would be in the low to mid $50,000 range.
At the time of writing, Bitcoin was trading at $60,253, down 4.6% in the past 24 hours.
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