Altcoins
What’s next for Solana, Render, Fetch.ai and other potential altcoins?
There is still a big question mark over whether certain coins, like Solana and Ethereum, are likely to lead the impending pump, with Bitcoin leading the way. Although altcoins may initially lag behind, they usually catch up within a few days and analysts have started rolling out lists of coins to watch and watch.
Altcoin Sherpa took to his handle X and shared technical analysis on several altcoins that could, starting with IO, a new Binance project showing promising signs of launch success. Planning to strengthen his position soon, he also noted that BTC appears poised to rebound.
Then he mentioned Give back (RNDR), expressing confidence in its potential as a decent AI play, although the sector’s outperformance in the third and fourth quarters remains to be seen. Although he exited his position, he observed that the price was at the top of the weekly level, wondering if it might mark the low.
Will pass Solana (SOL), he predicted a continued move in the range between $185 and $120, viewing the consolidation period as healthy after a significant rally. He wrote: “I think SOL will continue to personally spend between $185 and $120. The range is wide overall, but I think we continue to see a prolonged period of consolidation. It’s healthy to see that after this huge run to be honest, expecting bigger things later.
As for Recover.ai (FET), he highlighted the need for patience, suggesting that it could be a good buy with indicators such as the 200-day EMA and the .618 fib suggesting potential support.
Regarding non-playable coins (NPC), he credited it with carrying his portfolio through the market, expressing confidence in its meme potential and expecting further gains in the future. Toncoin (TON), he believed, was about to break its all-time high, while ONDO remained one of the strongest coins despite remaining above expected levels.
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