Bitcoin continues its struggle to reach new highs above $35,000 in November. Altcoins are also on the move. The increasing excitement for the approval of a Spot Bitcoin ETF has boosted investors’ risk appetite for altcoins. A popular cryptocurrency analyst has revealed attractive targets for two altcoins. So, what’s next? Why will the rally continue despite a 300% surge?
Solana (SOL) Expert Price Target
Altcoin Sherpa, a commentator closely followed by cryptocurrency investors, has analyzed the favored altcoin of recent days. Solana (SOL) is in the midst of an impressive rally, and according to the analyst, the dazzling SOL Coin rally will continue unless proven otherwise. The strategist also mentions that bankrupt crypto exchange FTX is uncertain about the fate of its $1.16 billion worth of Solana assets as of August 31.
“I believe there are support zones around $35-32 for SOL Coin. I don’t know what will happen to the FTX supply, but unless proven otherwise, this rally should continue.”
At the time of writing, SOL Coin’s price is above $40 and has moved significantly away from the early 2023 bottom. Although the price briefly dropped to $8 levels, it initiated a strong rally from the historical low. Despite the price increase of over 300%, many experts expect it to reach a higher peak between $50 and $80.
LINK and SUSHI Coin Price Targets
Decentralized cryptocurrency platform SushiSwap has initiated a rally this month that has surprised everyone. According to the analyst, it might make sense to buy around the $0.91 region and similar levels. With a nearly 100% increase in the weekly timeframe and as long as the BTC price maintains $35,000, it continues its strong performance.
“SUSHI: I think buying at $0.91 looks quite solid. S/R (support and resistance) levels, etc.”
Popular cryptocurrency commentator, Chainlink’s native cryptocurrency, LINK Coin, also looks promising, but we may see some unexpected movements in the short term. As the largest cryptocurrency project in the tokenized assets space, Chainlink will have to compete with many rivals in the future. However, years of experience and partnerships with massive institutions like Swift push it one step ahead.
According to the analyst, it wouldn’t be surprising to see a support test around $9.5 for LINK Coin.
