A popular analyst, known for his accurate predictions, shares three altcoin projects that caught the eye in the bear market. According to the analyst, leading altcoin Ethereum rivals Solana (SOL), Avalanche (AVAX) and Polygon (MATIC) are on the verge of a breakout. The analyst also notes that the leading crypto Bitcoin (BTC) is preparing for a rally.
First altcoin on the verge of breakout: Solana (SOL)
An analyst nicknamed Smart Contracter is best known for accurately predicting the 2018 bear market bottom for Bitcoin (BTC). Besides, it has more than 8 accurate predictions. For Smart Contracter’s successful forecasts cryptocoin.com Check out this article. The popular analyst says that now three Ethereum competitors are in the middle of a breakout. Smart Contracter says Solana (SOL) first removes the resistance of the symmetrical triangle formation. The analyst explains his views as follows:
Multi-month accumulation break in SOL.
Source: Smart Contracter / TwitterAt press time, Solana was trading at $44.80, down 3.99% on a daily basis, according to data from CoinMarketCap.
Avalanche and Polygon will fire, according to analyst
The crypto strategist says that smart contract protocol Avalanche (AVAX), as well as Ethereum scaling solution Polygon (MATIC), has also ignited the resistance of its own triangles.
Source: Smart Contracter / TwitterAt the time of writing, Polygon was changing hands at $0.9938, down 3.46% on a daily basis, according to data from CoinMarketCap.
Source: Smart Contracter / TwitterAt press time, Avalanche was trading at $28.16, down 4% on a daily basis, according to data from CoinMarketCap.
“Bitcoin has not exploded yet”
Smart Contracter also looks at borrowing and lending protocol Aave (AAVE). The analyst says that the decentralized finance altcoin is in the process of forming a loop base against Bitcoin (AAVE/BTC). In this context, he makes the following statement:
An old favorite is bottoming out against AAVE BTC.
Source: Smart Contracter / TwitterThe popular analyst also covers the leading crypto Bitcoin itself. Smart Contracter notes that BTC is about to break the immediate resistance at $24,700 and ignite a rally to its next resistance at $30,000. The analyst makes the following assessment:
If BTC breaks $24,000, any corrective WXY structures from the lows are invalid in my eyes. This bullish will then be bull accumulation and a series of 1-2 seconds. BTC hasn’t exploded yet, but I think it will.
Source: Smart Contracter / TwitterAt press time, Bitcoin was trading at $24,268, down 0.98% on a daily basis, according to data from CoinMarketCap.
