A well-liked crypto dealer is eyeing three altcoins that might mimic Solana’s current historic rise.
Solana (SOL) has climbed to the sixth-ranked cryptocurrency, in keeping with CoinGecko. At present buying and selling at $175, the sensible contract platform is up greater than 600% from its July low of $23.47.
Crypto dealer and market analyst Michaël van de Poppe is retaining shut tabs on decentralized blockchain platforms Tezos (XTZ), Polkadot (DOT), and Cosmos (ATOM) after SOL’s breakout to a brand new all-time excessive.
He tells his 123,000 YouTube subscribers ATOM seems able to run primarily based on its underlying market construction.
“If I must select a coin that’s going to observe Solana and it must be a layer-one answer, it’d both be Tezos, Polkadot, or it’s going to be Cosmos, and given the construction, it seems wonderful.”
Van de Poppe says that ATOM is buying and selling inside a two-year accumulation interval towards Bitcoin and that he’s searching for a retest of the 0.00051 BTC stage ($22.88) after the token started buying and selling in an uptrend towards BTC in August.
As for the place ATOM is headed subsequent, Van de Poppe is listening to two key worth ranges.
“Good retest off the ($17.47) stage, regained all the things that it misplaced within the crash just a few days in the past, and I feel that we’re going to proceed transferring and we’re going to interrupt the highs by means of which the subsequent goal zone I’m for Cosmos is $47.50 and $72.”
On the time of writing, ATOM is trading at $26.98, in keeping with CoinGecko.
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