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Home»Analysis»Crypto Trader Says New All-Time Highs for Two Incoming Altcoins, Warns of Solana
Analysis

Crypto Trader Says New All-Time Highs for Two Incoming Altcoins, Warns of Solana

2024-01-05No Comments2 Mins Read
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Popular crypto analyst Altcoin Sherpa names two altcoins that he believes will soon rise to values ​​last reached in 2022.

The pseudonymous analyst tells With its 204,300 followers on the social media platform

“STX: All-time highs coming.”

Image
Source: Altcoin Sherpa/X

Stacks is a project that aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin (BTC).

At the time of writing, STX is trading at $1.61, up slightly in the last 24 hours. STX hit an all-time high (ATH) of $3.39 in December 2021.

Trader’s second bullish altcoin choose is Lido DAO (LDO), a crypto project that aims to allow users to stake Ethereum (ETH) without tying up assets or maintaining infrastructure.

“LDO will soon break ATH. One of the better ones.”

Image
Source: Altcoin Sherpa/X

Looking at his chart, the trader suggests that the LDO will soon break above the $3.89 level, where it last traded above in April 2022. LDO is trading at $3.28 at the time of writing, down more than 2% in the last 24 hours. LDO hit an all-time high of $7.30 in August 2021.

Finally, the trader warns that Solana (SOL) could soon drop to a price between the Fibonacci retracement levels of $84.50 and $71.67, after mounting a massive rally that breached the $120 level before falling.

“SOL: In theory this should probably increase given all the liquidity that was gathered. That said, I still think this one needs some time to cool down. I wouldn’t be surprised if this drops back to lower levels, like $70-$80.”

Image
Source: Altcoin Sherpa/X

Solana is trading at $102.42 at the time of writing, up slightly in the last 24 hours.

See also  South Korea proposes stricter screening of crypto managers

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