Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
NewsBTC 2022-05-31 09:00:28

Analyst Hints Huge Chances For Ethereum Killers To Surge, Sides With Solana And AVAX

Two Ethereum killers are on the brink of price rallies; they include Avalanche (AVAX) and Solana (SOL). Pentoshi’s Stand On Solana And Avax Pentoshi, a pseudonymous crypto pundit and analyst, took to Twitter to say that he presumes Solana (SOL) is about to change momentum towards a bullish one. Related Reading | Negative Sentiment Deepens In Crypto, Why Recovery May Not Last The Solana crypto project traded at a crucial support level following the massive sell momentum last week. Currently, the SOL token is trading at $47.89, a 4% growth from the 24-hour circle. Also, last week, the coin dipped to about $40.33 Avalanche (AVAX) is the next coin Pentoshi believes worthy of discussion. The analyst suggests that the coin’s ability to sustain just above its $25 support level boosts its chances of rallying to hit the $40 level. Currently, the AVAX token is trading at $28.63, a 5% growth from the 24-hour price. Also, last week, the coin dipped to about $22.13. Pentoshi also explains a strong possibility for the crypto market to rally back. Therefore, he believes that once sentiments change momentum, the market will swing from outright bearishness to utmost bullishness. Pentoshi predicts that traders and investors will soon see a turnaround in their trades sooner than later. Thus, they’ll move from exclaiming it’s a dead bear market to screaming and rejoicing for alt season. However, the pundit also predic...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.