Crypto Analyst Predicts Ethereum Challenger Solana Rips Hard, Says One Exchange Token Looks ‘Juicy’
A well-liked analyst says that Ethereum challenger Solana (SOL) seems primed to maintain its bullish ascent as one alternate token trades in an space that gives a positive danger to reward ratio.
The pseudonymous dealer referred to as Cantering Clark tells his 140,300 Twitter followers that the precise market circumstances might assist Solana put collectively a large rally after SOL took out each its diagonal and horizontal resistances.
“If the market sustains this push by ETH, SOL rips a lot greater. Bunch of open curiosity and danger tagged on on the way in which down from $50-$40. Appears to be like bottomed within the brief time period, can rip.”
At time of writing, Solana is altering arms for $40.16. A transfer to Cantering Clark’s subsequent resistance space round $75 suggests an upside potential of over 86% for SOL.
The analyst says that he’s additionally bullish on fellow sensible contract platform Avalanche (AVAX).
“SOL and AVAX nonetheless look actually good. I believe endurance shall be rewarded.”
At time of writing, Avalanche is valued at $21.60.
Cantering Clark additionally takes curiosity in FTT, the token that powers crypto derivatives alternate FTX. In response to the crypto analyst, FTT is an space of robust assist in its weekly chart.
“With out jinxing it, simply going to say that the danger reward of FTT right here is fairly juicy. As a aspect observe, loads of pairs are exhibiting power contemplating what we’re seeing within the bond market and legacy as an entire. It doesn’t take many consumers.”
At time of writing, FTT is buying and selling at $28.21, up over 1% on the day.
Do not Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox
Verify Value Motion
Comply with us on Twitter, Facebook and Telegram
Surf The Day by day Hodl Combine
Featured Picture: Shutterstock/NextMarsMedia/Tun_Thanakorn
