Popular crypto analyst Altcoin Sherpa names two altcoins that he believes will soon rise to values last reached in 2022.
The pseudonymous analyst tells With its 204,300 followers on the social media platform
“STX: All-time highs coming.”
Stacks is a project that aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin (BTC).
At the time of writing, STX is trading at $1.61, up slightly in the last 24 hours. STX hit an all-time high (ATH) of $3.39 in December 2021.
Trader’s second bullish altcoin choose is Lido DAO (LDO), a crypto project that aims to allow users to stake Ethereum (ETH) without tying up assets or maintaining infrastructure.
“LDO will soon break ATH. One of the better ones.”
Looking at his chart, the trader suggests that the LDO will soon break above the $3.89 level, where it last traded above in April 2022. LDO is trading at $3.28 at the time of writing, down more than 2% in the last 24 hours. LDO hit an all-time high of $7.30 in August 2021.
Finally, the trader warns that Solana (SOL) could soon drop to a price between the Fibonacci retracement levels of $84.50 and $71.67, after mounting a massive rally that breached the $120 level before falling.
“SOL: In theory this should probably increase given all the liquidity that was gathered. That said, I still think this one needs some time to cool down. I wouldn’t be surprised if this drops back to lower levels, like $70-$80.”
Solana is trading at $102.42 at the time of writing, up slightly in the last 24 hours.
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Featured image: Shutterstock/VAlex/Mingirov Yuriy