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A popular analyst is updating price targets for three crypto assets as the market concludes a volatile week of trading.
Pseudonymous Trader Altcoin Sherpa to plot Several Fibonacci levels on smart contract platform Solana (SOL) told his 182,400 Twitter followers that the altcoin could temporarily rise to $36.60 and then dip below $26. .
“I think it makes sense to bounce back here, but at the end of the day, I think the mid-$20s are still coming.
I will endure this.
Solana is trying to recover from a tough final week of August when the price dropped 14.3% from $35.27 to $30.21.
SOL briefly flirted at the $33 levels and is currently trading at $31.48.
Polkadot (DOT), a cross-chain interoperability protocol, is next in analyst focus.Altcoin Sherpa Offers Let’s take a look at the 2-year chart with some potential price targets with resistance at $10.36 and a bottom near $4.50.
I havent seen this shitcoin in a while, but if things get really bad, it will be around $4.50.
If this is the bottom, it looks like a double bottom structure [in my opinion]
The polkadot is also recovering from the flash crash that affected most asset classes last weekend after Federal Reserve Chairman Jerome Powell commented on tightening monetary policy.
As of this writing, DOT has changed ownership at $7.14.
Finally, in Ethereum (ETH) rival NEAR Protocol (NEAR), analysts look into this with a four-hour candlestick dating back to late July.Altcoin Sherpa I think NEAR has held up better than expected, but warns potential investors that altcoins are currently testing an upward resistance zone.
“I haven’t seen this shitcoin in a bit, but it actually looks pretty decent.
We are unlikely to buy this level as it is at resistance, but the break/retest can rise to $5.
keep your eyes open.
Near Protocol has fully recovered from last week’s price drop, down just 1.05% over the past 24 hours, worth $4.35.
The price of NEAR rose earlier this week after top US cryptocurrency exchange Coinbase added the altcoin to its trading roster.
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