According to top analysts, SOL, AVAX and these two altcoins are preparing for a new ATH

A prominent analyst is forecasting rallies for the Solana (SOL) and Avalanche (AVAX) smart contract platforms along with two other altcoins.

Known in the industry by the nickname Altcoin Sherpa, the individual told his 130,200 followers on Twitter that the recent rise of the Terra (LUNA) smart contract platform made him believe that Solana will explode sooner.

“I had the idea that Solana would hover between $ 130 and $ 175 for a while, but when I see what LUNA has just done, I think SOL will soon be following in his footsteps.”

The source: Altcoin Sherpa / Twitter

According to CoinGecko, SOL is up 18% in the past seven days and is trading at $ 168.92 as of press time.

Regarding AVAX, Sherpa said that while it took profits at $ 70, it still holds most of the position and expects further move.

“I still hold the majority of my position at AVAX despite making a profit of $ 70. Since NFT is doing well, I think Layer 1 still has a long way to go. “

The source: Altcoin Sherpa / Twitter

Next up is the decentralized exchange dYdX (DYDX), which has risen over 100% in two weeks and is trading at $ 23.55 at press time. The analyst believes the token could hit a new all-time high after a small pullback.

“DYDX has ricocheted off 0.382 Fib support and has broken a short-term lower high.

The price could consolidate for a few more days to digest recent gains before exploding to new ATH levels. “

The source: Altcoin Sherpa / Twitter

Upon reviewing the Ren (REN) digital asset transfer platform, Sherpa found that the altcoin was forming an uptrend with successive higher highs and lower lows.

“For me, REN is in a sustained uptrend with more highs and higher lows in a row.

The $ 1 zone could be a potential buy zone where it could make a higher low. “

The source: Altcoin Sherpa / Twitter

Altcoin Sherpa ends its bitcoin analysis series and targets $ 53,000.

“In the medium term, I’m extremely optimistic about BTC. I think Bitcoin could rebound to $ 53,000 before a minor correction towards $ 48,000.

The trend will turn all the way up when BTC exceeds $ 53,000. “

The source: Altcoin Sherpa / Twitter

You can see the coin prices here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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