A closely followed crypto analyst is giving his outlook for Solana (SOL), Avalanche (AVAX), Chainlink (LINK) and ApeCoin (APE) amid the uncertainties in the crypto market.
Pseudonymous crypto trader Altcoin Sherpa tells his 176,500 Twitter followers Solana is bound to recoup its all-time high, but in the short term, SOL could go up by 25% from its current trading price of $39.95.
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For Avalanche, the analyst says the scalable blockchain could surge to $40 by next month before sliding down to around $12. At time of writing, AVAX is worth $24.38.
As Chainlink continues to climb upwards, Altcoin Sherpa says LINK could break the uptrend at around $11. The decentralized oracle network is currently trading at $9.33.
As for ApeCoin, the analyst thinks that the price of the Bored Ape Yacht Club altcoin would drop once it goes above $7, so a buy-in at close to $5 would be wise. At time of writing, APE is changing hands for $5.72.
The crypto analyst also shares his outlook for Bitcoin (BTC) as the asset trades at less than half of its all-time high. The benchmark cryptocurrency is currently valued at $29,750.
“I still think that some relief pump to mid $30ks is coming first but I’m also open to the idea of this tapping the range lows. Those haven’t been tapped for a long time, will be more realistic if the EQ [equity] gets lost. I’m honestly unsure.”
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