Altcoin
Altcoins are all set to explode by 2300%! Have you already stacked them?
Analyst Sheldon recently explained how and why the market’s sideways movement might indicate a continuation or reversal. He looked at some of them altcoins‘ against Bitcoin, underscoring their strength and potential for outperformance. In his latest analysis video, the analyst stated that several altcoins are ready to rise and take center stage.
The analyst discussed Theta and recalled its incredible previous rally. During its surge, Theta skyrocketed from around 90 cents to $3.50, an astonishing 2,300% gain. He expects a similar pattern to play out, projecting a strong upward move from $2 to $5, with even higher targets set at $7.
Injective is another token he has brought to the fore, highlighting its positioning within the short- and medium-term buying zones. He warned of potential withdrawals if Bitcoin drops by 2-3%. However, once the trend is confirmed, he expects Injective to grow similarly to Kaspa, possibly reaching the $40 mark in the near term and preparing for a potential move to $70.
Also on its radar is another token, Cetus, known for its solid fundamentals. He advised and considered adding more if the trend was confirmed on the daily chart, predicting targets of around 16 cents in the short term and 30 cents on the longer timeframes, representing a potential 3x increase.
He stressed that tokens are liked BNB are breaking their all-time highs, indicating greater market strength. Applying top-down Fibonacci analysis, he observed that BNB has tested the 61a level and is now breaking above previous highs. He predicted potential targets of $1,000 and $1,500 for BNB.
Next on his list was Solana. He suggested a potential small retest, but stressed the importance of spotting breakouts, targeting a range between $240 and $280 per SOL. He recommended buying on pullbacks around $170, with a suggested stop loss at $160.
Also check: Bitcoin Alert: Short-Term Correction Ahead! Top analysts are reporting key support at $68,500