Crypto News

Here’s what lies ahead for Solana, Avalanche, and One Low-Cap Altcoin, according to Top Crypto Analyst

A widely respected crypto strategist outlines what’s to come Ethereum competitors Solana (SOL) and Avalanche (AVAX), as well as an under-the-radar altcoin.
Pseudonymous analyst altcoin Sherpa tells his 178,300 Twitter followers that smart contract platform Solana could hit a local bottom after shedding 90% of its value vs all-time high has lost.

“SOL: -90% from peak. This isn’t a bad area to start accumulating for longer durations if you’re looking for an alternate Tier 1. I think it’s one of the best choices since it’s not Ethereum Virtual Machine to be honest.

Low timeframe, it looks decent to be honest. $45 could come in the medium term if BTC plays well.”
Here’s what lies ahead for Solana, Avalanche, and One Low-Cap Altcoin, according to Top Crypto Analyst, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
At the time of writing, Solana is changing hands for $38.26, up over 13% in the last 24 hours.

Next is fellow smart contract platform Avalanche, on which altcoin Sherpa is forecast to be poised for a recovery rally with targets at $22 and $28.

“AVAX: It’s not a bad idea to want to accumulate and it never reached my $12 goal. I think a bearish retest is likely to come, not the macro bottom yet in my opinion.”
Here’s what lies ahead for Solana, Avalanche, and One Low-Cap Altcoin, according to Top Crypto Analyst, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
At the time of writing, AVAX is trading at $17.96, up nearly 8% over the past day.

The last coin on the trader’s radar is the Ethereum-based utility token NFT-Marketplace LooksRare (LOOKS). According to altcoin Sherpa, LOOKS is bullish in the short-term after seeing its immediate Resistance at $0.30.

“LOOK: Lol… nice break. This is a longing for a bath. Still very declining market structure but that shows a lot of strength.”
Here’s what lies ahead for Solana, Avalanche, and One Low-Cap Altcoin, according to Top Crypto Analyst, Crypto Trading NewsSource: Altcoin Sherpa/Twitter
LOOKS is currently valued at $0.42, up over 21% over the past day.
Check the price action


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Bitcoin$20,278.00$20,278.004.35%Ethereum$1,082.94$1,082.945.81%Cardano$0.470728$0.4707284.33%XRP$0.322862$0.3228622.54%Dogecoins$0.06272$0.062725.37%

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