Bitcoin (BTC) climbs to $48,000, while Ethereum rivals Solana (SOL) and Avalanche (AVAX) are leading the altcoin market. According to analysts, who see the current recovery as part of the recovery process, 4 altcoin projects may be ready for a rally.
Analysts shared 4 altcoin projects they expect to rally
In a new YouTube post, Benjamin Cowen says it’s similar to when Ethereum’s current price patterns jumped between $7 and $14 in 2016 and early 2017. He said it showed that it was in a re-accumulation phase. On that date, ETH price broke the range and surpassed $1,440 by January 2018. Cowen says Ethereum will test a double top formation in the short term and a correction is possible. According to the analyst, upward gradual price movements may take shape afterwards.
Cowen advises caution amid this volatility, emphasizing that there is risk associated with ETH and price spikes to all-time highs are never a sure thing.
Cantering Clark predicts rally for Avalanche, Solana and Near
Twitter analyst nicknamed Cantering Clark, price rise for Ethereum (ETH) rivals Avalanche (AVAX) and Near (NEAR) as markets continue to strengthen predicts. In his recent analysis, Clark said that smart contract platform Avalanche made a big move after breaking its critical resistance at $84:
AVAX is waking up in BTC and ETH pairs, with a major break above the weekly level in the USD pair that definitely closed until recently. lives.
Cantering Clark also says he bought the last AVAX drop as he saw AVAX potentially go up to at least $115:
Buy quite a bit of AVAX at this drop I bought. I think we can go back to at least $115 levels.
The next altcoin on the analyst’s radar is Near (NEAR), a developer-focused blockchain designed for scalability and stability. Cantering Clark thinks Near can break the $14 resistance and reach $20:
NEAR breaks above the highs against the BTC pair with abnormal volume. Send it for $20.
Another Ethereum competitor on Cantering Clark’s radar is Solana (SOL). According to the crypto analyst, the bullish momentum is maintained as SOL’s resistances break one after another:
A very good looking move from the SOL. A huge exit potential to $120 once this gap is accepted.
Solana is trading at $125.30 at the time of writing. As quoted by Kriptokoin.com, Solana-based STEPN (GMT) gained 20,000% after the Binance listing.
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