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Closely tracked crypto strategists are updating their predictions for Solana (SOL) and Apecoin (APE) while predicting a drop in two altcoins.
The pseudonymous cryptocurrency analyst Altcoin Sherpa has told his 180,700 Twitter followers that smart contract protocol Ethereum Classic (ETC) is poised for a major drop after a sharp rally over the past few weeks. said it looks like
ETC: I am comfortable with my short from $39 as a hedge. I think this will be at least $33 and $30 (potentially).
At the time of writing, ETC is trading at $35.80, more than 16% above Altcoin Sherpa’s lower target of $30.
Next up is Optimism (OP), a layer 2 scaling solution for Ethereum (ETH). Crypto strategists believe OP is also likely to witness a significant correction after jumping more than 286% within three weeks.
“OP: I think this will be at least $1.12.”
OP is trading at $1.55 at the time of writing.
Looking to Ethereum rival Solana, altcoin Sherpa says likely to experience more corrective moves in coming days as Sol trades below critical levels I’m here.
“I really hope this form makes new lows around $39 to continue. I think things can get ugly very quickly once that level breaks. I’m still cautious If we are bullish on , and we think we are bullish on the medium term, we will consider going long at that level.
At the time of writing, SOL is worth $37.99.
Trader’s Radar’s last coin is the Bored Ape Yacht Club (BAYC) offshoot project ApeCoin. According to Altcoin Sherpa, APE is poised for a rally to $10 before a significant retracement occurs.
I am still upset that the reload has not been fully met in the low $5s.
APE is trading at $6.71 at the time of writing.
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