One of the renowned crypto analysts and traders who is mostly followed for his accurate altcoin prediction has now come up with his analysis on three of the most important altcoins.
An anonymous strategist known as Altcoin Sherpa informs his 181,900 fanbases over Twitter that Solana (SOL), a smart contract platform will make its move towards $25 soon.
He is pretty sure of Solana plunging towards $25 and says that if this is an accumulation phase the currency will register the lows again. Also says that even if it’s just a bearish momentum, the lows will occur.
At the time of publication, Solana is changing hands at $32.16 with a plunge of 2.07% over the last 24hrs. If Solana moves as per Sherpa’s predictions, SOL will see a fall of 22% from its current position.
Avalanche (AVAX)
The next coin that’s in the analyst’s list is another smart contract platform, Avalanche (AVX) where he claims that Avalanche is expected to retrace around $14.
Hence, he says that the traders will find the spot to buy the currency on a lower time frame.
Currently, Avalanche is selling at $19.50 after a pull back of 4.29% over the last 24hrs.
Cosmos (ATOM)
The strategist concludes his analysis with Cosmos (ATOM). This is a blockchain that is created to form a bridge between other blockchains.
As per Altcoin Sherpa Cosmos (ATOM ) is about to form a bullish higher low after a deep correction and drop around $8.
At the time of writing, Cosmos (ATOM) is valued at $11.89 with an upward move of 0.30% over the last 24hrs.
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Source: https://coinpedia.org/altcoin/sol-avax-and-atom-price-poised-to-drop-in-coming-days/