Alt Coin

Top Crypto Analyst Issues Cardano and Solana Warning, Says Smart Money Waiting for Discounts on ADA and SOL

A well-liked crypto analyst and dealer is issuing a warning to Cardano and Solana merchants, saying that good cash buyers are ready for sharp corrections on ADA and SOL.

Pseudonymous crypto strategist Pentoshi tells his 453,500 Twitter followers that he’s trying for a deep pullback on good contract platform Solana after its explosive run from $1.51 in January 2021 to its present price of $168.32.

“Also, it’s important to assume that good cash appears to be like at charts like this up 250x in a 12 months and is like, ‘Yes, now is the time to deploy my capital.’

As against being affected person, and shaking out dumb cash. Odds aren’t favorable in my view. Although I feel Q1 provides some respectable exits for many.”

Source: Pentoshi/Twitter

Looking at Cardano, Pentoshi says the good contract platform is due for a rally after its steep decline from $3.00.

However, he warns that rally will likely be met with sell-side strain that would probably drive ADA under $1.00.

“ADA mid-late 2022 prediction. Will break that lose this stage its lights out, once we are visiting that stage (1.00). There will likely be tweets on Twitter saying,

‘Lose this level and it’s lights out.’

But the lights truly exit.”

Source: Pentoshi/Twitter

As for Bitcoin (BTC), Pentoshi says that whereas he’s bearish on BTC, he’s able to flip his bias as soon as it manages to reclaim a key resistance stage.

“My invalidation could be $BTC reclaiming $58,000 – $60,000.

It’s clear stage on all timeframes.”

Source: Pentoshi/Twitter

Check Price Action

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

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


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 property. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/DM7/Mingirov Yuriy/Tun_Thanakorn

Related posts

Top Crypto Analyst Says Its Time for Harmony and Cosmos (ATOM) to Shine – Here’s Why

Crypto Advisor

Coin Bureau Buys Two Ethereum Challengers, Unveils 2022 Crypto Strategy and Updated Portfolio

Crypto Advisor

Here’s What’s Next for Chainlink (LINK) Moving Into 2022, According to Crypto Analyst Benjamin Cowen

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