A popular crypto trader thinks Ethereum (ETH) competitor Solana (SOL) could see sizeable gains in the next two weeks.
The pseudonymous analyst Cantering Clark, tweeting from his new Man o’ War Twitter account, says he believes SOL could rally by as much as 23% in the short term.
“I think if we can handle $27, $30 is a reasonable target in the next two weeks.”
SOL is trading at $24.33 at time of writing.
Cantering Clark also tells his 165,100 Twitter followers that he’s bullish on the top meme asset Dogecoin (DOGE) and layer-1 protocol Aptos (APT).
“Have been long DOGE.
Added SOL and APT.”
DOGE is trading at $0.0905 at time of writing and is up 1.17% in the past day. Aptos is trading at $12.21 and is down 2.28% in the last 24 hours.
Despite the gains of the past months, Cantering Clark says he still feels cautious about the overall prospects of Bitcoin (BTC). According to the trader, he believes Bitcoin could potentially witness a big sell-off event as long as it is trading below a key resistance level at $34,000.
“When followers get perplexed as to why I started getting cautious around $28,000 and managing positioning more, hedging some or all at points etc.
The entire area of $28,000-$32,000 had the potential to be a pretty reasonable sticky point. There is a reason why I never give much back to the market.
I bought before the FTX nuke in November and ate that, added at the lows, and bought again at $20,500.
Until we are back in the 2021 range meaningfully, I will sleep with one eye open.”
At time of writing, Bitcoin is trading for $29,509.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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