Wednesday, September 27, 2023
HomeEthereumCrypto Analyst Predicts for Rallies for Binance Coin (BNB), Solana (SOL) and...

Crypto Analyst Predicts for Rallies for Binance Coin (BNB), Solana (SOL) and One Additional Ethereum (ETH) Rival

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.”

Source: Altcoin Sherpa / Twitter

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. “

sauce: Altcoin Sherpa / Twitter

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. “

sauce: Altcoin Sherpa / Twitter

phantom It is currently trading at $ 0.41 and has fallen by more than 4% in the past day.

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Featured Image: Shutterstock / Naeblys

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