The flagship crypto has slipped below support, hovering around $47K level again. Also, most altcoins are trading in red today.
Amidst this minor sell off, 3 altcoins are still trading in green. What’s next for the price action is being determined by a popular analyst.
The Ethereum competitor recently achieved a new ATH as it hit $81.25. Since then it has corrected back but is still in a upward trend. At the time of writing, SOL is trading at $68.56 up by 1.8% in the last 24 hours.
Popular Analyst Crypto Kaleo says,
the recent bullish trend of Solana is expected to continue. He anticipates the Ethereum competitor to launch a new rise.
“SOL probably keeps running up to HTF [high timeframe] resistance just shy of $100.”
He further says that, Solana appears to be positioning itself for a massive breakout in its Bitcoin pair.
Next on Kaleo’s radar is the native token of fintech platform socio.com. According to him, CHZ price is preparing to break through the diagonal resistance that has held the altcoin’s price down since March.
He says, the resurgence of NFT craze will pump CHZ back to its spring highs.At the time of writing, the token is trading at $0.367.
“…I wouldn’t be surprised to see Chiliz run it back to the spring highs when it’s able to break out of the HTF resistance here.”
Raydium (RAY), an automated market maker (AMM) protocol built on the Solana blockchain, is the other altcoin the trader is interested in.
According to Kaleo, RAY is vying for a 100 percent increase from its current price of $7.23.