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Popular crypto analyst Altcoin Sherpa recently shared two altcoins with his investors that he believes will reach their highest values last seen in 2022. The senior analyst made critical remarks about three altcoins in his basket.
ATH Expectations for STX
The crypto analyst shared with his followers on social media platform X that Stacks (STX) could soon surpass its last high of $1.73, a level not seen in about two years, stating:
STX: All-time highs are approaching.
Stacks is a project aimed at enabling smart contracts and decentralized finance (DeFi) applications on Bitcoin (BTC). At the time of writing, STX was trading at $1.61, slightly up in the last 24 hours. STX reached its all-time high of $3.39 (ATH) in December 2021.
The investor’s second bullish altcoin choice is Lido DAO (LDO), a crypto project that aims to allow users to stake Ethereum (ETH) without locking up assets or maintaining infrastructure. The senior analyst finally stated in his remarks:
LDO is about to break its ATH. One of the best.
Support Level for Solana
Addressing the chart, the analyst suggests that LDO will soon surpass its last trading level of $3.89 seen in April 2022. LDO was trading at $3.28, down more than 2% in the last 24 hours at the time of writing. LDO reached its all-time high of $7.30 in August 2021. Lastly, the trader warned that Solana (SOL), after a massive rally surpassing the $120 level before plummeting, could soon fall to a price between the Fibonacci retracement levels of $84.50 and $71.67. The analyst finally said:
SOL: Considering all the liquidity theoretically accumulated, this should probably increase. However, I think it still needs some time to cool off. It wouldn’t be surprising to see it drop back to lower levels like $70-80.
