HomeCryptoTop crypto analyst forecasts bullish continuation for Solana and two under-the-radar altcoins
Top crypto analyst forecasts bullish continuation for Solana and two under-the-radar altcoins
January 23, 2023
A widely followed trader says he sees major upside potential for smart contracts platform Solana (SOL) and two tokens flying under the radar.
Pseudonym Cantering Clark tells his 158,900 Twitter followers say traders who keep betting against the Ethereum rival will likely be blown off their positions by a short squeeze.
“This weekend will probably be alts crazy.
SOL is going +$30 before it’s all over.
Strong compression through this level seems obvious.
A short squeeze occurs when traders who borrow an asset at a certain price in hopes of selling it cheaper to pocket the difference are forced to buy back the assets they borrowed as momentum shifts against them. triggering further rallies.
At the time of writing, Solana is changing hands for $25.
Next is the move-to-earn token STEPN (GMT), which is likely to rally towards its target of $6.63.
“They are still active on social media and I expect them to start making announcements and trying to raise prices again to take advantage of this rally. Also on the table is the ability to fetch and retest the configuration that has been widely seen throughout the alt. Send.”
At the time of this writing, GMT is trading at $0.49.
The latest coin on the trader’s radar is Optimism (OP), a tier 2 scaling solution for Ethereum (ETH). According to Cantering Clark, he expects OP to print new all-time highs.
“OP is about to get into price discovery. This means that whoever sold before was wrong and new highs usually bring inflows from all types of traders.
The new all-time high after an extended period of time is +Expected Buy Value.
At the time of writing, OP is trading hands for $2.24, slightly above the $2 trader resistance area.
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