Even though Bitcoin’s price remained above $42,000 today, it fell. At $42,256, the digital token was practically unchanged. Ether also dropped by more than 2% to $2,969. Shiba Inu was trading over 0.5 percent lower at $0.000024, while Dogecoin was down 0.6 percent to $0.12.
A well-known crypto strategist is revealing his targets for Solana (SOL), Polkadot (DOT), and VeChain (VET), claiming that the three altcoins are about to break out.
Solana(SOL)
According to analyst Justin Bennett, who has nearly 100,000 Twitter followers, smart contract platform Solana has broken out of its diagonal barrier and printed a strong bullish divergence on the daily chart, indicating that bulls are gaining traction.
SOL’s next resistance, according to Bennett’s chart, is $118 as long as it stays above $85.67
Solana (SOL) Price is now trading at $87.72 at the time of writing.
Polkadot(DOT)
Next up is the interoperable blockchain Polkadot. According to the crypto strategist, DOT Price is on the cusp of breaking out as it threatens to move above its immediate resistance.
“DOT ready to be sent back to $23. Close above $19.40 to confirm.”
At the time of writing, DOT is trading at $20.17 up by 1.5% in the last 24 hours. The token traded in the range of $19.65 – $20.60.
VeChain(VET)
Bennett is also keeping an eye on VeChain, a blockchain network that aims to help businesses improve their supply chains. VET, according to the crypto analyst, has to break through a major resistance area in order to spark a big rise.
He notes that VET is spiking intraday. On a daily basis, it’s still necessary to climb above the 0.05 mark. Above there, he believes we’ll have a 40% rebound to 0.07.
At the time of writing, VET is trading at $0.052993 up by 0.3% in the last 24 hours. The token traded in the range of $0.054436 – $0.051815.
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Source: https://coinpedia.org/altcoin/solana-sol-polkadot-dot-vechain-vet-price-primed-for-40-upswing/