Trader Unveils Price Target for Solana (SOL), Says He’s Bullish on Dogecoin (DOGE) and One Ethereum Rival
A well-liked crypto dealer thinks Ethereum (ETH) competitor Solana (SOL) might see sizeable beneficial properties within the subsequent two weeks.
The pseudonymous analyst Cantering Clark, tweeting from his new Man o’ War Twitter account, says he believes SOL might rally by as a lot as 23% within the quick time period.
“I believe if we will deal with $27, $30 is an inexpensive goal within the subsequent two weeks.”
SOL is buying and selling at $24.33 at time of writing.
Cantering Clark additionally tells his 165,100 Twitter followers that he’s bullish on the highest meme asset Dogecoin (DOGE) and layer-1 protocol Aptos (APT).
“Have been lengthy DOGE.
Added SOL and APT.”
DOGE is buying and selling at $0.0905 at time of writing and is up 1.17% prior to now day. Aptos is buying and selling at $12.21 and is down 2.28% within the final 24 hours.
Regardless of the beneficial properties of the previous months, Cantering Clark says he nonetheless feels cautious concerning the general prospects of Bitcoin (BTC). In keeping with the dealer, he believes Bitcoin might doubtlessly witness a giant sell-off occasion so long as it’s buying and selling under a key resistance degree at $34,000.
“When followers get perplexed as to why I began getting cautious round $28,000 and managing positioning extra, hedging some or all at factors and many others.
All the space of $28,000-$32,000 had the potential to be a reasonably cheap sticky level. There’s a motive why I by no means give a lot again to the market.
I purchased earlier than the FTX nuke in November and ate that, added on the lows, and purchased once more at $20,500.
Till we’re again within the 2021 vary meaningfully, I’ll sleep with one eye open.”
At time of writing, Bitcoin is buying and selling for $29,509.
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