Crypto analyst Altcoin Sherpa predicts a potential rally for Solana (SOL) after a market correction. He believes SOL could retest $120 before surging to over $500 later this year.
Solana’s Potential Rally
Sherpa believes SOL’s potential rally is based on the assumption that the altcoin market will continue to bleed. He advises investors to dollar-cost average and be patient.
Avalanche’s Outlook
Altcoin Sherpa also discusses Avalanche (AVAX), stating that it could rally after holding $31.18 as support. However, he notes that AVAX has more supply on the market and less sell pressure, which could be a factor to consider.
Bitcoin’s Potential Dip
Regarding Bitcoin (BTC), Sherpa warns that it could dip into the low $50,000 range if it fails to hold support in the low $60,000s. He advises investors to monitor the situation closely.
