A closely followed crypto analyst says Solana (SOL) and Binance Coin (BNB) are the only digital assets he wants to hold amid market volatility.
Pseudonymous trader Altcoin Sherpa tells his 177,500 Twitter followers that Solana will likely recover and that he sees good entry points for SOL between $15 and $25.
“SOL: [in my opinion] current area is a good buy zone for a short-term bounce, would NOT get greedy and assume this is ‘the bottom’. Bottom is probably sub $20 if things continue lower.”
The trader also says he is buying more BNB as he remains confident Binance will continue to support the crypto asset. Binance Coin is currently worth $209.48
“BNB led the last cycle in the downtrend and I don’t think [Changpeng Zhao] will let this thing die. Binance is still the leading [centralized exchange] and BNB still has utility on [Binance Smart Chain]. I think this is ‘safe’. I already have some of this but I will buy more. Aiming for around here + 140 if things get bad.”
Altcoin Sherpa also shares his outlook for the altcoins Avalanche (AVAX) and Near Protocol (NEAR). He says he will likely buy these tokens if the dumping continues.
As for Avalanche, Altcoin Sherpa says AVAX could drop to around $10.
Featured Image: Shutterstock/jdrv_art