Altcoins
Will these altcoins reach all-time highs soon? Top Analyst Says Solana Will Hit $900
On Crypto Banter’s “The Sniper Trading Show”” The analyst explained that it is crucial to understand where to make profits, as not all tokens will reach all-time highs. For example, Bitcoin started with a rise in dominance, outperforming many tokens. While market moves from Bitcoin hype to Ethereum and then to altcoins, retail investors play an important role Millions of small investors can generate extreme hype.
The analyst said the big weekly altcoins likely to break all-time highs are Solana (SOL), Avalanche (AVAX), Injective (INJ), ThorChain (RUNE), and Dogecoin (DOGE). For Solana, the goals are $400, $650 and $900. The trend indicates strong bullish momentum with the possibility of reaching these levels without a pullback.
Avalanche has an initial target of $100, with a possible move to $240 if it breaks key resistance levels. It is important to take profits at these stages if the price shows signs of slowing.
Injective’s targets are $40 to $50, with previous highs of $70 and $93 being the next milestones. Again, it is advisable to take profits when approaching these levels. ThorChain is expected to hit $14, with further targets at $33, $53, and $73 if it breaks through resistance.
Dogecoin may not reach all-time highs this cycle, but is considered a good investment entry at current levels, with a potential gain of around 200%. Profits should be made if it approaches key resistance levels to avoid losses if it fails to break through the level.
Furthermore, the analyst explained that it is important to judge tokens based on bear markets, where their true value is revealed once the hype fades. Tokens often decline 80-90% in bear markets, indicating their true valuation. Therefore, taking profits during market peaks is essential to avoid losses when the market corrects.