Popular altcoin traders are predicting a rally of two Ethereum (ETH) challengers, including Binance Coin (BNB) and Solana (SOL).
Pseudonym crypto strategist Altcoin Sherpa tells 176,000 Twitter followers that BNB, a utility token for crypto exchange Binance, is currently one of the most powerful altcoins on the market.
“BNB: Exchange ideas, wait for the $ 340 territory to be reused, and be aggressively profitable. Probably $ 380, $ 400, $ 440.”
At the time of writing BNB Has changed hands at $ 328 and has increased by almost 3% in the last 24 hours.
Next is the smart contract platform Solana, which, according to Altcoin Sherpa, is ready for a 53% rally. Bitcoin (BTC) comes back to life.
“I think Solana is a good thing to buy around here as a swing trade. Some notes:
-This is mainly based on the idea that BTC will go from $ 35,000 to $ 40,000 before the new lows.
-SOL NFT [non-fungible tokens] Still going well
-Risk: At these levels, the rewards still seem decent. The goal is $ 75. “
At the time of writing Solana It’s worth $ 49.38, above the Altcoin Sherpa support level of $ 48.64.
The last coin of the trader’s radar is a companion Ethereum Competitor Phantom (FTM). According to Altcoin Sherpa, FTM is preparing for the rally after losing nearly 90% of its value from its all-time high of $ 3.48.
“FTM: This got a lect. Currently, the time frame resistance is low, but you wouldn’t be surprised to see this squeeze getting higher before dumping further. I bought a $ 0.47 reclaim. It seems like a good idea to short something around $ 0.60. “
phantom It is currently trading at $ 0.41 and has fallen by more than 4% in the past day.
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