Altcoin Sherpa, one of the popular Twitter analysts, shared 3 altcoins that he thinks can rally in the coming days: BNB Coin (BNB), Solana (SOL), Phantom (FTM).
Altcoin Sherpa awaits rally against Ethereum rivals
With 176,000 Twitter followers, Altcoin Sherpa says Binance’s cryptocurrency BNB is currently one of the strongest altcoin projects on the market. Regarding the price prediction, the analyst sets the following levels:
In my opinion, a retracement of the $340 area can be expected. Then take profit at $380, $400, and $440 if it comes up.
BNB Coin is trading at $313.60, down nearly 5% in the previous 24 hours at the time of writing. The price of BNB, whose Bitcoin price fell to $ 29 thousand, also accompanied this acceleration.
Analyst finds the correlation between Solana and Bitcoin strong
According to Sherpa, Solana, one of the strongest Ethereum competitors, is poised for a 53% gain as long as Bitcoin (BTC) survives. According to the analyst:
I believe Solana is a good choice to buy here. This is primarily based on the assumption that BTC will go to $35,000-40,000 before any new dips. It still performs well from SOL NFTs. At current levels, the risk/reward ratio looks reasonable, so aim for $75.
Solana is currently trading at $45.39. This level is slightly below the support level of Altcoin Sherpa at $48.64.
Fantom, another Ethereum competitor, is poised for a rebound after the ATH level dropped to over 90% of its value at $3.48, according to altcoin Sherpa
altcoin on the analyst’s radar. The analyst identifies the following levels for the ideal position:
Currently testing resistance, but I wouldn’t be shocked if this squeeze continues further before draining much more. Long at $0.47 and short at $0.60 seem like a smart strategy.
As we mentioned in the news of Kriptokoin.com, the return of legendary giant developer Andre Cronje to Phantom had a double digit impact on the FTM price. Months ago, Cronje announced that he was leaving the industry. We covered the details in this article.
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