Two Seasoned Analysts Set Targets for These 2 Altcoins: Strong Run Coming!

İki Tecrübeli Analist Bu 2 Altcoin için Hedefleri Koydu: Güçlü Koşu Geliyor!
İki Tecrübeli Analist Bu 2 Altcoin için Hedefleri Koydu: Güçlü Koşu Geliyor!
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One crypto analyst with a large following believes that the leading altcoin Ethereum is close to making a mid-cycle bottom. Another popular analyst predicts that Ethereum rival Solana could rise as high as $600 compared to its 2021 performance.

“It’s time for the big run for the leading altcoin!”

As you have been following on Kriptokoin.com, the market continues to gather strength for a new run. Especially the expectation that spot Ethereum ETFs will be approved in mid-July supports the leading altcoin. Ethereum is about to complete the ABC corrective wave, says analyst nicknamed Bluntz. The analyst applies the Elliott Wave theory, which states that a consolidating asset tends to witness an ABC correction before igniting a new five-wave surge. In this context, Bluntz shares the following assessment.

Looking at ETH/USD, we’re basically at the lows again, but it would be very strange for us to move upwards from here… I think ultimately ETH needs to sweep $2,800, take the lows and recover and eventually we’ll have what looks like a proper ABC drop in Ethereum… I think we’re going a little bit sideways here in ETH and taking the lows and then looking to bounce.

Altcoin
Source: Bluntz

According to the analyst, Ethereum’s ABC correction will eventually resolve to the upside. This will send ETH to an initial all-time high of $6,000 before pulling back and rising to a cycle peak of $8,000. On this, the analyst says the following:

I still believe that ETH has yet to experience a major rally and I think it will definitely happen this cycle. It’s just a little late. It will probably be triggered by the Etheruem ETF narrative, which is rumored to be coming out any day now. Everyone is talking about it, everyone is expecting it to be a big ETH bullish news. I think what will most likely happen is that ETH will sell off first, see the lows, and then start to get bid heavily.

Source: Bluntz

Analyst: Solana targets $600!

Solana has been making strong moves in the market recently as the price recovery continues. With the recent price increase reaching $141.7, Solana seems to be building strong resistance at this price. Meanwhile, Crypto Jelle, a well-known crypto analyst, has been expressing bullish sentiments about Solana, drawing parallels between its current market behavior and its performance in the summer of 2021. The analyst believes that Solana should rise to around $600. According to Jelle, Solana has been consolidating for months, making lower highs while maintaining the same support area in a move similar to those seen in mid-2021.

Altcoin
Source: Jelle

Jelle also notes that Solana recently bounced off its weekly Relative Strength Index (RSI) mid-level, just like it did in July 2021. This suggests that Solana could be ready for a big price move. Jelle is confident that this pattern will repeat and is investing heavily in Solana, targeting a price of $600. This is much higher than its current price and indicates a lot of growth potential.

The opinions and predictions in the article are those of analysts and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.

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Two Seasoned Analysts Set Targets for These 2 Altcoins: Strong Run Coming!