The post This Altcoin Is All Set to Explode by 2300%! Have You Stacked It Yet? appeared first on Coinpedia Fintech News
Analyst Sheldon recently explained how and why sideways market movement could indicate either a continuation or a reversal. He observed certain altcoins’ performance against Bitcoin, noting their strength and the potential for outperformance. In his latest analysis video, the analyst said several altcoins are ready to surge and take center stage. The analyst discussed Theta …
The post This Altcoin Is All Set to Explode by 2300%! Have You Stacked It Yet? appeared first on Coinpedia Fintech News
Analyst Sheldon recently explained how and why sideways market movement could indicate either a continuation or a reversal. He observed certain altcoins’ performance against Bitcoin, noting their strength and the potential for outperformance. In his latest analysis video, the analyst said several altcoins are ready to surge and take center stage.
The analyst discussed Theta and recalled its previous staggering rally. During its surge, Theta skyrocketed from around 90 cents to $3.5, representing a stunning 2300% gain. He expects a similar pattern to unfold, projecting a strong upward movement from $2 to $5, with even higher targets set at $7.
Injective is another token he brought to the spotlight, noting its positioning within short-term and medium-term buy zones. He warned about potential pullbacks if Bitcoin dips by 2-3%. However, once the trend is confirmed, he expects Injective to surge similarly to Kaspa, possibly reaching the $40 mark in the short term and preparing for a potential move to $70.
Another token, Cetus, known for its strong fundamentals, is also on his radar. He advised and considered adding more if the trend was confirmed on the daily chart, foreseeing targets around 16 cents in the short term and 30 cents in the higher time frames, representing a potential 3x increase.
He pointed out that tokens like BNB are breaking their all-time highs, indicating major strength in the market. By applying Fibonacci analysis from the top to the bottom, he observed that BNB tested the 61a level and is now surpassing previous highs. He projected potential targets of $1,000 and $1,500 for BNB.
Next on his list was Solana. He suggested a potential small retest but emphasized catching breakouts, targeting a range between $240 to $280 for SOL. He advised buying on pullbacks to around $170, with a suggested stop loss at $160.