Bitcoin

Here’s What’s Next for Bitcoin (BTC), Solana (SOL) and Three Under-the-Radar Altcoins: Top Crypto Trader

The pseudonymous crypto analyst Altcoin Sherpa stays largely bearish in regards to the market regardless of the final price uptick final week.

The dealer tells his 180,700 Twitter followers that $22,000 is a “must hold” degree for Bitcoin (BTC).

“The last high, although technically higher, is not convincing, and I think there’s a real chance that this low gets broken at $22,000.”

Source: AltcoinSherpa/Twitter

BTC is buying and selling at $23,429 at time of writing.

Altcoin Sherpa is equally bearish on the Ethereum (ETH) competitor Solana (SOL).

“Didn’t see a clear higher high on this last move. Best we get is some sort of ranging consolidation pattern [in my opinion], seems unclear to me.”

Source: AltcoinSherpa/Twitter

Solana is buying and selling at $40.23 at time of writing.

The analyst additionally believes OP, the native token for Optimism, will break lower, saying it has “lots of inefficiencies to fill.” Optimism is a layer-2 scaling answer for Ethereum.

Source: AltcoinSherpa/Twitter

OP is buying and selling at $1.91 at time of writing. The 116th-ranked crypto asset by market cap is up greater than 18% up to now 24 hours.

Additionally, Altcoin Sherpa predicts “more overall chop” for LOOKS, the utility token of the Ethereum-based non-fungible token (NFT) market LooksRare.

Source: AltcoinSherpa/Twitter

LOOKS is buying and selling at $0.380175 at time of writing.

Conversely, nevertheless, Altcoin Sherpa is extra bullish on SNX, the native token of Synthetix, a protocol that permits for the issuance of artificial tradable belongings on Ethereum, resembling commodities or indices.

“Waited patiently for this level and I think that it’s going to go up, that said it’s always going to depend on BTC. Still think this looks pretty good.”

Source: AltcoinSherpa/Twitter

SNX is buying and selling at $3.84 at time of writing.

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are usually not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your accountability. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in internet online affiliate marketing.

Featured Image: Shutterstock/Black Salmon/Tun_Thanakorn/PurpleRender

Related posts

Whales Gobble Up Bitcoin As Non-Exchange BTC Supply Surges to All-Time High: Santiment

Crypto Advisor

Over $268,000,000 in Bitcoin Moving to Long-Term Holders Signaling BTC Is Close to Bottom: Insights Firm

Crypto Advisor

Crypto Analyst Who Nailed 2018 Bear Market Bottom Says Bitcoin (BTC) Trading Below $30,000 Now Inevitable

Crypto Advisor

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More