Friday, September 29, 2023
HomeEthereumCrypto Analyst Unveils Massive Target for Ethereum Rival Solana, Predicts Rallies for...

Crypto Analyst Unveils Massive Target for Ethereum Rival Solana, Predicts Rallies for Avalanche and Terra

While anticipating a surge in popular crypto strategists Avalanche (AVAX) and Terra (LUNA), Ethereum (ETH) competitor Solana (SOL) has announced long-term pricing targets.

Inmortal, a pseudonym crypto analyst, told his 152,100 Twitter followers that he expects the decentralized financial payments network LUNA to return to triple digits after respecting support of around $ 80.

“Luna for $ 100 before blinking again.”

Source: Immortal / Twitter

At the time of writing this, LUNA is exchanging hands for $ 94.

Inmortal is also bullish on Ethereum’s rival and smart contract protocol Avalanche. According to crypto traders, the avalanche will probably follow in the footsteps of LUNA.

“Potential catch-up play.

AVAX [and] LUNA. “

Source: Immortal / Twitter

For Solana, a crypto strategist I believe Smart contract platforms can exceed the current price of $ 107 by 830%.

“It’s important to buy SOL for less than $ 100 and sell it for more than $ 1,000.”

Looking at Bitcoin (BTC), crypto strategists say they expect BTC to recover this week after recovering to a major price level of $ 40,000.

“The main plan for this week is a long BTC on weekly open replays.

If the price can’t get it back, I look for shorts. “

Source: Immortal / Twitter

According to Inmortal, those who shorted Bitcoin over the weekend are currently trapped while major cryptocurrencies are trading at less than $ 40,000 by market capitalization and are buying BTC to reduce losses. You may be forced to do so.

“Green Week is always sponsored by shorts trapped at the end of the weekend.”

Bitcoin short-selling traders will be able to borrow BTC from the exchange and sell it at a specific price, then lower the price and make a profit by paying back the BTC that should be paid at a lower price. I want

If prices move against their bias, they are forced to buy BTC at a higher price to repay the exchange, which adds fuel to the rally.

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Featured Image: Shutterstock / Blue Planet Studio

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