Tomorrow, the PCE data will be released; however, the Federal Reserve has already signaled its intention to commence interest rate cuts. It’s time to overlook inflation and focus on recovering employment, a shift from the longstanding opposite approach. As we approach September, we will delve into predictions from five different analysts regarding SOL, ETH, LINK, ENA, and Pengu Coin.
PENGU and SOL Coin
In the Solana 
$88 ecosystem, PENGU stands out as a versatile meme coin, capturing the interest of many analysts, including Sherpa. Despite warning about risks as BTC remains below $117,000, Sherpa suggests late investors could start purchasing at this level. Here are the key levels to watch.
“I still love PENGU, but I’m not in an active position. I would like to buy around $0.025, yet the current region is still a support level. As a swing trade strategy, one could buy 1/3 position here and 2/3 at a lower level. I believe this stock could rise higher, although patience is needed.”
The performance of Solana’s price will, of course, play a role here. At the time of writing, SOL Coin reclaimed the critical $214 level, with TraderSZ forecasting the price advancing to $300 soon.
For SOL Coin, the September target seems to be $300. However, as this region is above the ATH, this introduces new price discovery challenges and setting new historical peaks will be anticipated.
ETH, LINK, and ENA Coin
All three are popular and attractive altcoins. As the leader in the Ethereum 
$2,399 space, ETH entries are robust, even as BTC relaxes. The appetite of ETH reserve companies remains strong, with promised new acquisitions far exceeding 3-5 billion dollars. To add more detail, as of today, the amount of ETH accumulated as a reserve stands at 4.359 million. The growth via ETF channels has surpassed 6.76 million Ether. Assets managed by just two groups total $43.6 billion. Before the ETF approval, this figure was zero, and the reserve was almost zero before June. You can calculate the pace of growth yourself.
This week, ETHZilla acquired 7.6K, FG Nexus 1.1K, and SharpLink 56.5K ETH. These purchases only account for August 25-26 acquisitions.
For those eager to return to the charts, let’s consider Daan’s evaluation from an hour ago. Sharing the above graph, Daan discusses the conditions for the continuation of short-term price discovery.
“ETH exceeded 2021’s peak and then pulled back. Yet, breaking all-time highs tends to be complex and tumultuous. The truth is, many try to position themselves for this breakout and price discovery stage. This results in prices falling until long-term investors give up. Warning: For confirmation of a true breakout, watch for weekly closes above previous all-time highs.”
Chainlink 
$10 (LINK) announced its partnership with the US Department of Commerce today. Recently, it also proclaimed partnerships with investors like Ripple 
$1’s SBI. Even if you disregard Mastercard and others, Chainlink’s potential is evident with these developments in just a week. Not many crypto initiatives provide such wide-ranging infrastructure services with extensive high-profile partners. Unfortunately, LINK Coin’s price doesn’t fully reflect this yet.
Sherpa mentioned he’s on alert for buying opportunities, anticipating a profit-taking wave around $29. He indicated that he would seize this chance to accumulate LINK Coin. Lastly, we have ENA as the fifth altcoin. Sharing the above graph, Sherpa emphasized the potential continuation of the rally. Although he previously stated a buy at $0.54, he was late. The $0.706 test is possible. Two days ago, he said:
“$0.54 will be a great buying opportunity, set your alarms.”
He couldn’t manage to do so.
