A closely followed crypto analyst is expressing bullish sentiment on a top-10 altcoin while updating his outlook on Bitcoin (BTC).

Starting with smart contract platform Solana (SOL), pseudonymous crypto strategist Altcoin Sherpa tells his 209,900 followers on the social media platform X that the fifth-largest crypto asset by market cap could appreciate by roughly between 250% and 600% this cycle.

“SOL: This will cleanly break all time highs this cycle, the only question is how high. $500 is probable, something obscene like $1,000 isn’t out of the question in my opinion.

Still one of my bigger bags. $170 next level up.”

According to the analyst’s chart, it appears that after climbing above $140, the next major resistance levels for the Ethereum (ETH) competitor are around $174 and around $202.

Solana, which hit an all-time high of around $260 in November of 2021, is trading for $142 at time of writing.

Moving on to the flagship digital asset, Altcoin Sherpa says it will experience immense volatility in the short term but will eventually reach a six-figure price tag this cycle.

Based on the analyst’s chart, it appears that Bitcoin could surge to just below $70,000 before plunging to around $62,000 in the near future.

“Bitcoin is going to go to $100,000 this cycle and these short-term movements are a blip on the radar. Don’t lose your stack when we’re so close to the finish line.”

Bitcoin is trading at $67,478 at time of writing, a fractional increase during the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Widely followed crypto trader Altcoin Sherpa is warning that the recent strength in digital asset markets is due for a break.

The pseudonymous analyst tells his 204,000 followers on the social media platform X that while he remains long-term bullish, the overall trend for altcoins is starting to shift bearish on lower timeframes.

He references Solana (SOL) challenger SEI, one of the strongest altcoins of the past several months, giving up some of its gains in recent days.

“Overall environment has definitely changed a little bit to where you aren’t going to want to long every single dip blindly. Altcoins aren’t getting bought up nearly as fast/strongly as before and even leaders like SEI are pulling back.

Could we see a green day tomorrow? Absolutely. But the trend seems to fading a bit on lower time frames.

Does this mean it’s all over? No. High time frames are still very bullish IMO (in my opinion). But I wouldn’t be surprised to see many of these continue pulling back.

The play here is just to chill in your spot positions from lower (I hope) and add to your spot bags later on at lower levels.

If trading leverage, I’d be cautious and probably just be patient with the crazy volatility that’s going to come with ETF (exchange-traded fund) news. Remember not to go too big/high leverage.

If you cannot stay patient, some other coins still look ok in the short term.”

Looking at Bitcoin (BTC), Altcoin Sherpa says that some “inefficiency,” or areas with high volatility and likely weakly held positions, may need to be retested in the near future. He targets roughly the $40,000 level.

“BTC: inefficiency mostly filled out to the upside…

What about the downside?

Scary stuff.”

At time of writing, Bitcoin is trading at $43,940.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A widely followed crypto analyst is expressing bullish sentiment on Bitcoin Cash (BCH) after a sudden move to the upside.

Pseudonymous crypto trader Altcoin Sherpa tells his 196,800 followers on the social media platform X that BCH could soar 25% from its current value.

“BCH: no clue why this is pumping so well but keep it going. The chart is clean on this one. I think it’s still going to go higher. Buying a dip around $220 would be nice.”

The trader uses the Fibonacci retracement levels to suggest that BCH may dip to $220 before a rally to $300.

Bitcoin Cash, a Bitcoin (BTC) hard fork that spun off from the top crypto asset in 2017, is trading for $240 at time of writing.

Next up, the trader says that the crypto casino platform Rollbit (RLB) and Telegram bot app Unibot (UNIBOT) both look bullish.

“On-chain coins are doing really well lately. RLB, UNIBOT both still looking good but there are lots of other really strong mid-caps…

You can decide how far down the risk curve you want to go but things are looking nice for now.”

Looking at his chart, the trader appears to show that RLB looks strong after converting its resistance at $0.158 into support.

Rollbit is trading for $0.16 at time of writing.

As for UNIBOT, the trader’s chart appears to indicate that the altcoin looks bullish after taking out its diagonal resistance.

UNIBOT is worth $62.51 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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