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Analyst Predicts Crucial Targets For Bitcoin, Solana, Fantom: 'Looks Extremely F***ing Strong'

Published 03/02/2023, 14:46
Updated 03/02/2023, 16:11
© Reuters. Analyst Predicts Crucial Targets For Bitcoin, Solana, Fantom: 'Looks Extremely F***ing Strong'
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Benzinga - A pseudonymous crypto analyst shared an outlook on Bitcoin (CRYPTO: BTC) and altcoins Fantom (CRYPTO: FTM), Solana (CRYPTO: SOL) and Cardano (CRYPTO: ADA).

What Happened: Altcoin Sherpa told his 190,500 followers on Twitter that the longer Bitcoin hovers around $23,000 to $24,000, the more bullish he is.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

“I think that it's quite likely that we [will] see a gap fill up to 30k eventually,” the analyst said.

According to the analyst, Solana appears to be heading toward the $30 range.

“Solana has done well and it should go to the mid-$30s if BTC holds up. I’m not sure what the long-term future for this coin is, FTX/Alameda had a big bag of it iirc (if I recall correctly) and who knows how that’ll get liquidated. The culture of this chain is still good though.”

In the case of Fantom, Sherpa predicts $0.60. “Looks extremely f***ing strong, I like this one.”

The analyst dismissed Cadano (CRYPTO: ADA) and said he doesn’t really see any reason to buy this coin.

“ADA/BTC pair looks pretty good to be honest and at support but I don't think this outperforms other altcoins relatively. Still, it has an insane community,” he adds.

Price Action: At the time of writing, Bitcoin was trading at $23,459, down 2%. Solana was at $24.17, down 4.33%, and Fantom was trading at $0.60, up 6.26% in the last 24 hours, according to Benzinga Pro data.

Read Next: Bitcoin Crosses $24K, Ethereum, Dogecoin Spike After Fed Hints Disinflation: Analyst Says Further Apex Crypto Moves Will Be 'So Violent'

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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