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Popular crypto analysts are making predictions for one Ethereum (ETH) rival, updating the outlook for Polygon (MATIC) and Bitcoin (BTC).
Pseudonym Crypto Trader Altcoin Sherpa To tell His 180,000 Twitter followers have seen ETH challenger Solana (SOL) trade between $ 20 and $ 60, a minimum of $ 20 to 200% higher for several months.
“The potential range of SOL here is the idea that it will trade between $ 60 and $ 20 in the coming months.”
Looking at the Ethereum scaling solution MATIC, Altcoin Sherpa states that it is likely to be rejected by resistance. According to traders, polygon bears may have the opportunity to capitalize near the $ 0.62 range.
“I think this will hit the resistance area soon. Many charts are like this. Given the time spent between each area, shortening the top of the movement should be at least good for the scalp. is.”
As for Bitcoin, analysts say a break at the $ 21,600 level could trigger a BTC to the next target of the Bulls at about $ 23,000. For now, Altcoin Sherpa is considering BTC’s primary support level of around $ 18,000, the lowest this year.
“It was early. If you turn this over, it will be $ 23,000, but I’m hoping for a pullback around here.”
As of this writing, Bitcoin is trading just above $ 21,600, up 5% on the day.
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Featured images: Shutterstock / Macrovector / Sol Invictus
