Popular crypto analysts Altcoin Sherpa and Michaël van de Poppe evaluate what levels are next for 6 altcoins. Expecting 10x the Solana price, Sherpa advises the bulls to buy and wait.
Altcoin Sherpa says this level is historic opportunity for bulls
Crypto analyst nicknamed Altcoin Sherpa said that Solana (SOL) is ready for a new drop. However, he adds that the potential drop will present a huge opportunity for SOL bulls:
I think the bottoms are coming. Any level below $20 looks like a discount. Buy it and throw it in a cold wallet for two years and come back to see 10x more.
Ethereum-based DEX platform Sushi (SUSHI) was another altcoin on Sherpa’s radar. The analyst predicts that SUSHI will rise to $1.60 depending on Bitcoin’s price movements:
The buyback was super strong. The price held the 0.786 Fibonacci level and bounced off sharply. If this supply is bad at $1.60 and BTC is healthy, I think it should break this level in the medium term.
Polkadot (DOT), the last altcoin on Sherpa’s list, has been trending sideways, devoid of bullish movements in recent months. According to Sherpa, DOT will likely visit lower levels for this reason:
How does the $4.50 DOT sound? This has never turned out the way it should in my opinion.
Michaël van de Poppe remains bullish on XRP despite general uncertainty
The popular analyst said in a new blog post that XRP has been one of the strongest movers in the markets lately. It also sees XRP looking to maintain its bullish momentum as the sixth largest cryptocurrency. For the next technical levels, he noted:
XRP seems to want to continue the upward momentum as we can see the strength in the bounce in the markets on the daily time frame. In this context, you would like to see an area preferably around $0.45 for support. If that’s the case, a $0.52 retest is on the horizon. A clear breakout of $0.52 gives arguments for further upward momentum targeting $0.65 and potentially even $1.
The next altcoin, Cardano, is now trading at very favorable levels for long-term bulls, according to Poppe. ADA price is currently trading in the $0.30 region, which is where the 201 bull started.
Lastly, looking at Chainlink, Van de Poppe says that LINK continues to show strong signs and that it is one step away from sparking a major rally:
Breaking $7.40 opens the door, then this time we look to continue at $11.
As you follow on Kriptokoin.com, Morgan Stanley’s CIO, Michael J. Wilson, shared that he expects a 15% increase in the markets. The new analysis says that the cryptocurrency market will accompany it due to the high correlation.
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