Price Analysis

BNB, SOL & FTM Price To See Short-Term Rally Soon, Here When You Should Take Profits

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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May 26, 2022

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Binance Coin (BNB) and two Ethereum (ETH) competitors, including Solana (SOL), are expected to rally, according to a well-known cryptocurrency trader. 

Altcoin Sherpa, a pseudonymous crypto analyst, informs his 176,000 Twitter followers that BNB, Binance’s utility token, is now one of the strongest altcoins in the cryptocurrency market.

Altcoin Sherpa predicts BNB: Trade idea: and asks the traders to wait for a regain of the $340 region and aggressively grab profit. This will most likely be around $380, $400, or $440 if it happens.

At the moment, BNB is valued at $312.84 with a downfall of 6% over the past 24hrs.

Solana (SOL)

Solana, a smart contract platform, is next, according to Altcoin Sherpa, primed for a 53% gain as long as Bitcoin (BTC) stays alive.

While talking about Solana, a public blockchain platform with smart contracts asserts that as per his predictions Solana is a good option to purchase in this swing trade.

Also according to him, the Solana is mostly on the idea that Bitcoin will move from $35,000 to $40,000 before seeing any plunge. Next, he says, Solana NFTs are still doing and the risk-reward still remains with a decent gain targeting $75

Solana (SOL), at the time of writing, is changing hands at $44.19 with a plunge of 9.8% in the last 24hrs.

Fantom (FTM)

Fantom, a rival to Ethereum, is the final currency on the trader’s radar (FTM). FTM is gearing up for a rally, according to Altcoin Sherpa, after dropping over 90% of its value since hitting an all-time high of $3.48.

As per Altcoin Sherpa, Fantom is the cone currency that has got rekt. It’s now testing low-timeframe resistance, but I wouldn’t be shocked if this squeeze continues higher before dumping much more. Purchasing a $0.47 return and shorting anything around $0.60 seemed to be a decent strategy.

Currently, Fantom is trading at $0.368 with a downtrend of 10.11% in the last 24hrs.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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