Loma, a popular anonymous cryptocurrency analyst, shared his views on the potential future trajectories of two leading smart contract platforms, Ethereum (ETH) and Solana (SOL).
Ethereum Aims for $4,871 High
Sharing his latest observations with followers on social media platform X, Loma began his analysis by stating that the upward momentum for Ethereum is set to continue. The analyst mentioned that the altcoin could gradually climb towards its all-time high (ATH) of around $4,871. He emphasized the need for a patient and cautious approach until a significant price movement occurs below this level, suggesting exiting the market with a stop below the $3,200 level.
The king of altcoins, ETH, was trading at $3,963, down 0.70% in the last 24 hours at the time this article was prepared. Despite this short-term decline, Loma maintains a positive outlook for Ethereum in the long term, expecting its rise to continue as long as the price remains above $3,200.
Solana’s SOL Targets $200
Moving on to Solana (SOL), seen as Ethereum’s strongest competitor in the smart contract platform space, Loma expressed his anticipation for an uptrend in the altcoin. The analyst viewed the price dips of Solana’s SOL, especially around $140, as an opportunity to accumulate. Loma stated that the consolidations at this level provided favorable conditions for compound investments and set a target price level of $200 for SOL.
At the time of writing this article, SOL was trading at $150.05, up 0.63% in the last 24 hours. Loma’s analysis maintains optimism about the altcoin’s growth potential and highlights the importance of strategic accumulations during price consolidation periods.
