Crypto Trader Says Ethereum Rival Primed To Plunge Lower in a Few Weeks, Updates Outlook on Bitcoin and FET
A closely followed crypto analyst says that one Ethereum (ETH) competitor may retest lower levels within weeks. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 219,200 followers on the social media platform X that Solana (SOL) could decline at least 14% from its current value. “SOL: $125-$150 remains a good place to accumulate SOL. I still believe this will be one of the best retail chains this cycle and much of the memecoin action is still there. Strong reaction [August 6th] but I still think you get another shot at $125 or lower in a few weeks personally.” Source: Altcoin Sherpa/X The chart shared by the analyst shows Solana has over the course of several months retested the $125 level as a range bottom. Solana is trading for $145 at time of writing, down more than 1% in the last 24 hours. Next up, the analyst suggests that Bitcoin (BTC) may revisit the $40,000 range before soaring. “How I think the next few m...