Heres Whats Next for Solana, Avalanche and One Hot Ethereum Rival, According to Top Crypto Analyst

Popular analysts are jumping into half a dozen crypto asset price charts as the market has recovered from the difficulties of the past few months.

Pseudonym trader Altcoin Sherpa To tell His 180,400 Twitter followers predict that smart contract platform Solana (SOL) will rise to around $ 60 as long as Bitcoin (BTC) holds up, but SOL’s strengths in the long run. I’m not optimistic about.

“If BTC stays healthy, I think the price will be $ 60, but overall I think it’s very bearish.

If you’re looking for some sort of macro inversion pattern, you might later get a much better entry than the current price. [in my opinion]..

It’s still a good trading opportunity. “

Solana had an impressive week and jumped from $ 34 to nearly $ 47 before fixing. SOL is trading at $ 41.77 at the time of writing.

Next analyst investigate Bitcoin’s Index Moving Average (EMA) with a 4-hour candle is his belief that the BTC may be able to move up to about $ 28,000 before the general bear market situation knocks it down. Sharing.

“All four-hour EMAs have all turned bullish for the first time since March. Perhaps before dumping, this will be shattered all the way to the highest $ 20,000, or $ 28,000.

It is important to remember that this is still a bear market. “

Bitcoin managed to maintain a support level of $ 20,000 last week and is currently trading at $ 23,321.

With respect to the Decentralized Application (DApp) platform and Ethereum’s competitor NEAR Protocol (NEAR), Altcoin Sherpa is considering a 12-hour candle pricing action dating back to mid-May. predict NEAR encounters resistances of $ 3.08, $ 4.36, $ 5.26, $ 6.40, and $ 7.63.

NEAR has risen almost 50% in the past week, jumping from a low of $ 3.09 on July 13 to a high of $ 4.61 on Wednesday.

Next trader Plot out A 12-hour candle dating back to the beginning of May to set the resistance of Bored Ape Yacht Club (BAYC)’s sectarian project ApeCoin (APE) to $ 5.94, $ 7.63, and $ 9.67.

ApeCoin also witnessed a recent surge in prices, jumping from $ 4.38 on July 14 to Wednesday’s weekly peak of $ 6.42, with a slight correction. APE is currently trading at $ 5.79.

Analyst radar also includes Ethereum (ETH), a leading smart contract platform. Altcoin Sherpa looking at candle price behavior for the day dating back to mid-January look ETH is facing resistance at $ 1,012, $ 1,281, $ 1,701, $ 2,145 and $ 2,465.

ETH wept this month, rising 50% from its July 1 lows of $ 1,065 to its July 20 peak of $ 1,602. Ethereum is changing hands at $ 1,535 at the time of writing.

At the end of Altcoin Sherpa’s crypto watch list is the Layer 1 smart contract platform Avalanche (AVAX).he investigate A 12-hour candle dating back to the second week of May states that AVAX is likely to encounter resistance at $ 23.51, $ 27.51, and $ 36.33. Analysts also point out a potential high-side resistance level of $ 55.68.

The avalanche is currently trading at $ 23.94.

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Featured images: Shutterstock / Manon_Labe / Tun_Thanakorn