A popular crypto strategist suggests that Solana (SOL) is on an uptrend after retesting the $120 range last week. Altcoin Sherpa, with a large following on social media, believes that SOL has more room for growth after holding the 200-day EMA as support. The current price of Solana is $140, down 8.5% in the last 24 hours.
In terms of Bitcoin (BTC), the analyst notes that there is no clear trend direction as it trades sideways around $60,000. The upper bound is $73,794 and the lower bound is $56,544. Bitcoin is currently trading at $60,157, down nearly 3% in the last 24 hours.
On the other hand, the analyst is bearish on Polkadot (DOT), stating that the chart looks unfavorable. According to the trader’s chart analysis, DOT could bounce above $7 before dropping to around $6.40 on the daily chart. DOT is currently trading at $6.04, down almost 8% in the last 24 hours.
It is important to stay informed about these trends in the cryptocurrency market. Remember to do your own research before making any investment decisions.