The bloodbath continues in the cryptocurrency market. Finally, BTC saw below $ 20 thousand, which analysts say is very important. However, a pair of crypto analysts suggest that a cryptocurrency has bullish potential despite the continued bearish trend in the digital asset markets. This cryptocurrency is an altcoin project that has been described as the Ethereum (ETH) killer. Here are the details…
Pentoshi: “I received a basket from this altcoin project”
One of the leading cryptocurrency analysts has expressed his love for an altcoin project. Also, the analyst said that he bought a lot of this altcoin and expects a bullish rally in the price soon. The pseudonymous crypto analyst Pentoshi, who has 576,200 followers on his official Twitter account, is apparently betting on the Solana (SOL) project. Pentoshi is a big proponent of the Ethereum rival smart contract platform. According to him, SOL experienced a sharp correction last week where it lost most of its value. However, despite this drop, the altcoin managed to recover quickly. He remained standing and ascended:
“Because of all this, Solana (SOL) has incredible potential. Once the market settles, I think $34 and potentially $40 is a good opportunity. He has already managed to withstand completely last week’s carnage. I bought a small basket from SOL.”
Cantering Clark: “So many interesting acquisitions in Solana (SOL)”
Cantering Clark, another prominent cryptocurrency analyst and trader, agrees with Pentoshi. Clark is bullish for Solana and makes very optimistic comments. He also says that he has already added the altcoin asset to his cart. In addition to all these, Cantering Clark also states that he opened long positions for Solana. So the analyst will be a long-term investor for the altcoin. This means that he will bet his funds on SOL for a long time. The analyst bases the reason for this investment on the expectation that SOL will remove the diagonal resistance. Here is Cantering Clark’s prediction:
“There are very interesting buying movements in the SOL right now. It is quite obvious that it is strong against all other parities. If we catch some kind of breakout from this drop, I will bet on this altcoin project.”
Capo: “SOL price may drop to these levels”
Meanwhile, crypto analyst Capo does not share the bullish sentiments of Pentoshi and Cantering Clark. Another famous trader with a pseudonym, Capo, reinforces his thesis with Bitcoin price. According to him, Bitcoin falling below $30,000 will affect Solana price. The analyst says he expects SOL to lose more than 40% of its current price value. “$18-20 seems like a good level.” says.
Meanwhile, at the time of writing, the price of altcoin SOL has risen from the 2022 low of $26.43. As Cryptokoin.com reported, the cryptocurrency has recently increased by 21%, changing hands at $32.
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