A widely followed crypto analyst and trader says he’s bullish on Ethereum challengers Avalanche (AVAX) and Solana (SOL).
Pseudonymous trader Cantering Clark tells his 117,000 Twitter followers that he sees AVAX slightly pulling back before continuing its rally.
“AVAX clearly looks like a winner. Possible short-term setup or location to add in a fill of the LVN (low volume node) between $84-$86.
Similar to ETH filling out before the larger push.”
Avalanche is currently exchanging hands for $85.11, up nearly 25% from its seven-day low of $69.7.
Next up is smart contract platform Solana (SOL), which Cantering Clark says is gearing up for a move to $100.
“SOL looks really good here, a move to $100 seems in order.
Breaking out of this month’s VA (value area) range and above last month’s POC (point of control).
Base looks good.”
Solana is currently valued at $88, down almost 3% in the past day.
In addition to AVAX and SOL, Cantering Clark is also bullish on the prospects of leading smart contract platform Ethereum (ETH).
According to the crypto trader, Ethereum bears are flashing signs of exhaustion.
“ETH strength over BTC is quite obvious. Perfect move out of balance followed by two days of establishing acceptance and value higher with no real supply showing. Yesterday’s low volume node filled and now pushing higher. Send to Namek over the next few weeks.”