A well-known analyst, Altcoin Sherpa, recognized for his insights on crypto markets, shares his forecast on potential moves for Solana 
$163, Bitcoin 
$117,799, and Ethereum 
$2,955 in the near term. His latest analysis suggests that Solana is unlikely to replicate its past years’ remarkable surge, while Bitcoin and Ethereum present a static trend with potential breakout points.
Low Expectations for Solana’s Surge
According to Altcoin Sherpa’s analysis, Solana’s chances of experiencing striking increases against Bitcoin, similar to those seen in 2021 and 2024, are considered slim. The analyst emphasizes that on a weekly chart, Solana struggles to gain significant upper hand compared to Bitcoin. Thus, Solana’s prominence might be limited to short-term movements.
Altcoin Sherpa: “Apart from a few minor jumps, I don’t foresee Solana surpassing Bitcoin over longer periods. I’m not saying Solana is finished, it’s clearly not; but I don’t see a run like in 2021/2024.”
Currently, the SOL/BTC ratio maintains a flat trend, with no significant changes noted. Investors observe Solana’s stability without expecting major momentum.
Bitcoin’s Calmness and Breakout Expectation
Altcoin Sherpa believes that Bitcoin’s prices have found a base following the recent correction. He mentions that price movements have been within the same range for a long time, suggesting a significant breakout might be near. Bitcoin is currently trading between $103,000 and $106,000, experiencing minor fluctuations without any major trend changes.
Altcoin Sherpa: “In my view, BTC has formed a local bottom. It’s been trading in the same range with upward and downward deviations for about three weeks. Not much happened in terms of price, and the only thing to do right now is to hang in there.”
According to the analyst, trading in the current market conditions may be risky, and those engaging in trading should exercise caution. The short-term suggests Bitcoin is at a threshold where a directional change might occur.
Ethereum’s Compression and Future Moves
For Ethereum, the analyst predicts that the cryptocurrency might continue a horizontal movement for several more months. A stagnant period similar to 90 days at the beginning of 2024 is anticipated. The convergence of moving averages tracked in technical analysis is seen as an indicator of a potential significant price movement.
Altcoin Sherpa: “We all expect better performance from ETH, but I think it will take a bit more time. Last year it was stuck here for 90 days, maybe the same will happen again.”
Ethereum is currently trading at $2,501, and experts do not expect a major move in the short term. However, after the compression observed on the charts, a sharp rise might be among the possibilities.
Altcoin Sherpa: “It’s not a time to act on ETH right now. This type of compression usually means ‘a big move is coming’.”
Overall, the cryptocurrency market continues to exhibit volatility, with major assets largely stable except for short-lived fluctuations. According to analysts, investors must be prepared for possible significant movements in the future. While the market may not present strong exits as in the past, monitoring technical indicators and risk management applications emerges as crucial during this process.
