Crypto Analyst Predicts Ethereum Challenger Solana Rips Hard, Says One Exchange Token Looks €juicy’

A well-liked analyst says that Ethereum challenger Solana (SOL) seems primed to maintain its bullish ascent as one trade token trades in an space that gives a positive threat to reward ratio. 

The pseudonymous dealer often known as Cantering Clark tells his 140,300 Twitter followers that the correct market situations might assist Solana put collectively a large rally after SOL took out each its diagonal and horizontal resistances. 

“If the market sustains this push by ETH, SOL rips a lot increased. Bunch of open curiosity and threat tagged on on the way in which down from $50-$40. Seems bottomed within the brief time period, can rip.”

Supply: Cantering Clark/Twitter

At time of writing, Solana is altering arms for $40.16. A transfer to Cantering Clark’s subsequent resistance space round $75 suggests an upside potential of over 86% for SOL.

The analyst says that he’s additionally bullish on fellow sensible contract platform Avalanche (AVAX).

“SOL and AVAX nonetheless look actually good. I believe persistence shall be rewarded.”

At time of writing, Avalanche is valued at $21.60.

Cantering Clark additionally takes curiosity in FTT, the token that powers crypto derivatives trade FTX. In accordance with the crypto analyst, FTT is an space of sturdy help in its weekly chart. 

“With out jinxing it, simply going to say that the danger reward of FTT right here is fairly juicy. As a facet notice, loads of pairs are displaying power contemplating what we’re seeing within the bond market and legacy as an entire. It doesn’t take many patrons.”

Supply: Cantering Clark/Twitter

 

 At time of writing, FTT is buying and selling at $28.21, up over 1% on the day.

Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Test Worth Motion

Comply with us on Twitter, Facebook and Telegram

Surf The Each day Hodl Combine

Featured Picture: Shutterstock/NextMarsMedia/Tun_Thanakorn

Leave a Comment

Your email address will not be published.