A popular crypto trader, known as Altcoin Sherpa, is predicting big things for Solana (SOL), a major competitor to Ethereum. Sherpa, who boasts a large following on X (formerly Twitter), believes SOL is poised for significant growth in the coming weeks and months.
Solana’s Potential Upswing
Sherpa’s bullish outlook hinges on Bitcoin (BTC) remaining stable. He points to potential resistance levels for SOL at $228, $243, and $264. With SOL currently trading around $198, this suggests substantial upside potential. However, any dips in the Solana price could present good buying opportunities, according to analysts.
Another Crypto Pick: Hyperliquid (HYPE)
Sherpa isn’t stopping with Solana. He also has a positive outlook on Hyperliquid (HYPE), predicting a potential 129% price increase before the current market cycle ends. He expects HYPE to reach over $50. Currently, HYPE is trading at around $21.85.
Broader Crypto Market Outlook
Looking at the broader crypto market, Sherpa believes there’s still room for significant growth. He doesn’t think the market has reached its peak yet, despite arguments that the current cycle won’t see the same level of euphoria as previous ones due to factors like token dilution. He believes “it’s not over” for the crypto market.
Disclaimer: This information is for general knowledge only and is not financial advice. Always conduct thorough research and consider your own risk tolerance before investing in cryptocurrencies.
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