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A popular cryptocurrency strategist known for his timely altcoin calls has warned that three digital assets could rally further.
Anonymous analyst Altcoin Sherpa told his 181,900 Twitter followers that smart contract platform Solana (SOL) is likely to revisit the $25 range low.
“I think we’re about to break out of this $25 low. Considering this a cumulative range (I’m personally skeptical), these lows are tapping again. And that’s bearish. If you just think, these lows (or more) are coming too.
At the time of writing, SOL is trading at $32.33. Altcoin Sherpa’s move towards target represents over 22% downside risk for Ethereum (ETH) competitors.
Next up is fellow smart contract platform Avalanche (AVAX). Altcoin Sherpa predicts that AVAX will likely revisit bear market lows around $14.
“Whether this area is at a rock bottom or prices are continuing to be low, you’ll get the chance to buy cheaper. Be patient.”
At the time of writing, AVAX is trading at $19.30, up nearly 6% for the day.
Crypto strategists are also keeping an eye on the price dynamics of Cosmos (ATOM), an ecosystem of blockchains designed to scale and communicate with each other. Altcoin Sherpa sees ATOM correcting and printing a bullish high-low setting at around $8.
At the time of writing, ATOM is worth $11.67, up over 12% over the last 24 hours.
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