- A popular crypto strategist known for his accurate predictions on altcoins has warned that three popular altcoins could experience dangerous pullbacks.
The analyst, known by the alias Altcoin Sherpa, has 181,900 Twitter followers on the smart contract platform. Solana’s (LEFT) He said it is likely to revisit the $25 low range.
“I think this is a run towards the $25 lows. If we see this as an accumulation range (I personally doubt it), we will touch those bottoms again. And if we just consider it bearish, then these bottoms (even lower) are coming as well. So yes, it will fall further no matter what.”
At the time of writing, SOL is trading at $31.72. A move in line with altcoin Sherpa’s target represents about 20 percent downside risk to its Ethereum (ETH) rival.
Another of the altcoins evaluated by the analyst is the smart contract platform. Avalanche (AVAX) it happened. According to altcoin Sherpa, AVAX will likely revisit bear market lows around $14.
“Whether this area is the bottom or the price continues to drop significantly, you will have a chance to buy lower. Please be patient.”
At the time of writing, AVAX is trading sideways on the day, changing hands at $19.33.
Finally, the crypto strategist has created a blockchain ecosystem designed to scale and communicate with each other. of Cosmos (ATOM) It also monitors price action. Altcoin Sherpa predicts that ATOM will correct around $8 and exhibit a bullish higher low setup.
At the time of writing, ATOM stands at $11.72, up nearly 3 percent in the last 24 hours.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.