Monday, August 15, 2022
HomeDEFIAnalyst Maps Next Levels For Bitcoin (BTC), Solana (SOL) , Optimism(OP) &...

Analyst Maps Next Levels For Bitcoin (BTC), Solana (SOL) , Optimism(OP) & Synthetix (SNX)

The broader crypto market is performing a lot better than it was in the previous couple of months. But, a intently adopted crypto strategist and analyst have a bearish strategy in direction of the entire crypto market.

The analyst who’s anonymously often called Altcoin Sherpa informs his 180,700 Twitter fanbase that for Bitcoin $22,000 worth vary is a should and may maintain degree.

It is because he feels that though the flagship foreign money is technically increased, it’s not a convincing worth degree for him.

On the time of reporting, Bitcoin is buying and selling at $22,871 after a fall of two.27% over the past 24hrs.

Solana (SOL)

Subsequent, the strategist talks about Solana (SOL). Altcoin Sherpa additionally expresses his bearish stance in direction of the Ethereum competitor.

As Solana didn’t see any increased excessive, the analyst expects a consolidation sample for SOL Worth

Presently, Solana is valued at $38.92 with a pull of 1.09%

Optimism (OP)

The subsequent foreign money that has gained the analyst’s consideration is a uncommon token OP. Altcoin Sherpa hopes that Optimism’s native foreign money, OP will type a decrease base on account of its inefficiencies. Optimism is but once more related with Ethereum because it’s a layer-2 scaling answer.

Optimism has been on a bull run by 17.70% buying and selling at $1.99 on the time of writing.


Following this, the professional makes an evaluation of LOOKS and expects the foreign money to cut off. LOOKS is a utility token based mostly on Ethereum non-fungible token (NFT) market often called LooksRare.

Presently, LOOKS is buying and selling at $0.3576

Synthetix (SNX)

Quite the opposite, Altcoin Sherpa suggests a bullish prediction for SNX. Synthetix’s native foreign money, SNX is an settlement by means of which artificial tradable belongings are issued on Ethereum. Such an instance contains commodities or indices.

The analyst additionally says that SNX worth motion will rely on that of Bitcoin.

On the time of publication, SNX is altering arms at $3.72

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