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A cryptocurrency strategist who continues to garner a following with timely altcoin calls says one Ethereum (ETH) challenger could bring significant growth to long-term holders.
Pseudonymous analyst Altcoin Sherpa has told his 184,700 Twitter followers that he believes smart contract platform Solana (SOL) looks ready to take another step.
However, a popular cryptocurrency analyst also said that a potential drop could present a golden opportunity for SOL bulls.
“I think the range low is coming. Anything under $20 seems like a bargain. Buy it, put it in your cold wallet for two years, come back and check it 10+ times.”
As of this writing, SOL is trading hands for a flat $30 on the day.
Next up is decentralized exchange (DEX) SUSHI, which says its altcoin Sherpa is preparing for a breakout.
Buybacks have been very strong. The price hit the 0.786 Fibonacci level and made a big jump. If $1.60 catches up with this supply and BTC is healthy, it should break that level in the medium term.
At the time of this writing, the SUSHI is worth $1.45 and remains flat to this day.
Another altcoin that traders are eyeing is the interoperable blockchain Polkadot (DOT). Altcoin Sherpa says DOT may be headed for lower levels as it fails to muster bullish momentum.
How about a $4.50 DOT? This one never really took off like it should have in my opinion.
At the time of writing, DOT is trading at $6.17. Altcoin Sherpa’s move towards target represents a potential drop of over 37% for the DOT.
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Featured Image: Shutterstock/Space Creator/Natalia Siiatovskaya
