A widely followed crypto strategist is predicting strong rallies for two Ethereum (ETH) rivals and one additional altcoin.
The pseudonymous analyst known as Pentoshi tells his 590,600 Twitter followers that smart contract platform Solana (SOL) is one resistance away from igniting a nearly 40% surge from current prices.
“Think SOL has fresh air above here. Close above $45 and [it] probably turbo pumps.”
At time of writing, SOL is changing hands for $42.82.
Next up is smart contract platform Cardano (ADA). According to Pentoshi, a close above resistance around $0.55 opens up the possibility of a 25% rally for Cardano.
“ADA closes today up here then next resistance on table.”
At time of writing, Cardano is trading at $0.52, down over 1% on the day.
Another altcoin on the trader’s watchlist is blockchain scaling solution Polygon (MATIC). Pentoshi says that a break of resistance at $0.98 could trigger a rally to around $1.30 for MATIC.
“It’s at resistance. However, a clean breakout leads to the sitting penguin.”
MATIC is valued at $0.94 at time of writing.
Looking at leading smart contract platform Ethereum, Pentoshi warns traders that ETH could significantly correct as it struggles to take out resistance at $1,700.
“Imagine if cattles are being distributed on and to in regards to ETH.
We plant the seeds of doubt. Like the other tweets, this would be poetic, if true of course. Cattle are well fed. What if it’s time to harvest that sweet, sweet meat at the butcher?”
At time of writing, ETH is valued at $1,692.
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Featured Image: Shutterstock/NextMarsMedia