Ethereum, Solana And Cardano New Predictions Are Out | CryptoGazette
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The crypto market seems to be undergoing a new correction, and this has a number of investors freaking out. Check out the latest predictions about Bitcoin, Ethereum, Solana, and Cardano.
It’s been just revealed that the pseudonymous crypto analyst Pentoshi just said that bulls must defend the support at $39,000 to avoid another sell-off event for BTC.
“Despite all the bullish propaganda, price still respected the levels. Bullas on life support here. I will still trade the level with reclaim but know the downside risk is high.”
At the moment of writing this article, BTC is trading in the red and the king coin is priced below $39k.
The analyst also predicted that BTC will launch a relief rally to $42,000 before the king coin is able to resume its downtrend.
“Macro thoughts aside and switching to lower timeframe, BTC likely gives some relief before trying to unload again via short closing etc. Bear team 6 will, in my opinion, concede up to an underside retest before trying to advance again to bulla last defense.”
Altcoins new predicitons are out
Regarding ETH, the analyst is pretty bearish these days, and he said that if the second coin in terms of the market cap goes below $2,200, the digital asset will go even lower.
At the moment of writing this article, ETH is also trading in the red and the coin is priced just above $2,600.
The analyst also addressed Solana and said that bulls must keep SOL above $80. Otherwise, he predicts a correction down to $50.
“Do or die.”
The same popular analyst talked about Cardano and said that ADA is in danger of a 60% devaluation if it takes out support at $1.00.
“The lights are flickering. Nothing but gravity below.”
ADA is now trading in the red and at the moment of posting this piece, ADA is priced at $0.92.
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