A well-liked crypto dealer thinks one Ethereum (ETH) rival is primed to carry out nicely over the approaching months.
The pseudonymous analyst referred to as Altcoin Sherpa tells his 217,800 followers on the social media platform X that he’s “fairly impartial” on Solana (SOL) over the brief time period however extra optimistic on the asset as 2024 winds down.
“I nonetheless consider $120-170 is a good area to build up SOL general, and I feel this nonetheless does fairly nicely within the second a part of the yr. Not likely anticipating this one to maneuver till the general market setting improves although.”
SOL is buying and selling at $140.87 at time of writing. The Fifth-ranked crypto asset by market cap is down greater than 1% prior to now 24 hours.
Altcoin Sherpa additionally shares his prediction on Bitcoin (BTC).
“Anticipating a couple of days of inexperienced, after that, I’ve no clue. Subsequent week must be fairly telling if we’re headed again throughout the vary or not. Quick-term bullish however mid-term, no clue.”
BTC is buying and selling at $57,519 at time of writing and is down greater than 1% prior to now 24 hours.
The analyst additionally says he plans to look at the native asset of the modular blockchain community Celestia (TIA) for a possible bull flag.
“Modular is again and attractive. I’m seeking to purchase TIA at $6.00 or a bit decrease. Let’s see if/when it comes.”
Bull flags, because the identify suggests, are usually seen as bullish technical setups that indicate an upward impulse after which a quick consolidation earlier than one other transfer up.
TIA is buying and selling at $6.82 at time of writing. The 66th-ranked crypto asset by market cap is down greater than 3.5% prior to now 24 hours.
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