A preferred crypto dealer thinks Ethereum (ETH) competitor Solana (SOL) might see sizeable positive factors within the subsequent two weeks.
The pseudonymous analyst Cantering Clark, tweeting from his new Man o’ War Twitter account, says he believes SOL might rally by as a lot as 23% within the brief time period.
“I feel if we will deal with $27, $30 is an inexpensive goal within the subsequent two weeks.”
SOL is buying and selling at $24.33 at time of writing.
Cantering Clark additionally tells his 165,100 Twitter followers that he’s bullish on the highest meme asset Dogecoin (DOGE) and layer-1 protocol Aptos (APT).
“Have been lengthy DOGE.
Added SOL and APT.”
DOGE is buying and selling at $0.0905 at time of writing and is up 1.17% previously day. Aptos is buying and selling at $12.21 and is down 2.28% within the final 24 hours.
Regardless of the positive factors of the previous months, Cantering Clark says he nonetheless feels cautious concerning the total prospects of Bitcoin (BTC). In line with the dealer, he believes Bitcoin might probably witness a giant sell-off occasion so long as it’s buying and selling beneath a key resistance degree at $34,000.
“When followers get perplexed as to why I began getting cautious round $28,000 and managing positioning extra, hedging some or all at factors and so forth.
Your complete space of $28,000-$32,000 had the potential to be a reasonably affordable sticky level. There’s a purpose why I by no means give a lot again to the market.
I purchased earlier than the FTX nuke in November and ate that, added on the lows, and acquired once more at $20,500.
Till we’re again within the 2021 vary meaningfully, I’ll sleep with one eye open.”
At time of writing, Bitcoin is buying and selling for $29,509.
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