A Crypto Analyst Predicts Potential Price Movements for Solana, Bitcoin, and Ethereum
A well-known crypto analyst recently shared his insights on the potential future price movements of some of the most popular cryptocurrencies. Altcoin Sherpa, a pseudonymous trader with a large following on X, provided his analysis on Solana (SOL), Bitcoin, and Ethereum.
Solana May Not Experience Another Bull Run Like 2021
Altcoin Sherpa expressed skepticism about Solana’s ability to replicate its impressive performance against Bitcoin (SOL/BTC) from last year. While he doesn’t believe Solana is dead, he does not foresee it having a bull run similar to the one seen in 2021 and 2024.
Currently, SOL/BTC is trading at 0.0013768 BTC ($143), remaining relatively flat for the day.
Bitcoin’s Market Correction and Potential Breakout
Altcoin Sherpa also shared his thoughts on Bitcoin, suggesting that the recent market correction may have reached its bottom around the $103,000 range. He indicated that Bitcoin has been trading within a range with an upper boundary of $106,826 and a lower boundary of $103,127, hinting at a potential breakout in the near future.
At the time of writing, Bitcoin is trading at $104,359, showing no significant changes for the day.
Ethereum’s Sideways Movement and Anticipated Breakout
Regarding Ethereum, Altcoin Sherpa predicted that the cryptocurrency may continue to trade sideways for the next three months, similar to a pattern observed in 2024. However, he suggested that Ethereum could experience an explosive breakout as several Exponential Moving Averages (EMAs) converge, indicating a potential trend reversal.
Currently, Ethereum is trading at $2,501, with potential price movements on the horizon.
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