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A widely followed trader said he believes smart contract platform Solana (SOL) and two tokens are likely flying under the radar.
Pen name Cantering Clark To tell His 158,900 Twitter followers believe that traders who continue to bet on Ethereum rivals are likely to be blown out of their positions with a short squeeze.
“This weekend is probably going to be crazy for Alto.
SOL will be +$30 before all this is over.
It is clear that it will significantly squeeze this level.
The short squeeze caused a further rally as traders who borrowed assets at a particular price in the hope of selling them at a lower price and earning the difference were forced to buck the momentum and buy back the borrowed assets. It happens sometimes.
At the time of this writing, Solana is switching for $25.
The winning token STEPN (GMT) is next, he predicts, likely to rally towards its target of $6.63.
They are still very active on social and will try to take advantage of this rise by making announcements and raising prices again. Under consideration. Submit.”
At the time of writing, GMT is trading at $0.49.
The final coin on Trader’s Radar is Optimism (OP), a layer 2 scaling solution for Ethereum (ETH). According to Cantering Clark, he expects his OP to break all-time highs.
The OP is getting closer to price discovery, which means whoever sold earlier was wrong, and new highs typically bring inflows from all types of traders.
The new long-term all-time high is +expected value buy.
send. “
As of this writing, the OP has traded hands at $2.24, just above the traders’ resistance area of $2.
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Featured Image: Shutterstock/Vink Fan/Natalia Siiatovskaia
