The post Crypto Market Outlook : Insights on Ethereum, Avalanche, Chainlink, and Solana appeared first on Coinpedia Fintech News
Cryptocurrency expert Evan Aldo recently talked about different digital currencies, giving us the lowdown on their current situations and where they might be headed. On The Paul Barron Network, the analyst said that further price movement could be influenced by Bitcoin’s performance, suggesting that a Bitcoin surge to $48,000 or $50,000 could propel the altcoins to perform better.
Ethereum (ETH)
Aldo talked about Ethereum, mentioning that even though its price in regular money (USD) went up, when compared to Bitcoin, it’s not doing so great. He said that if Ethereum doesn’t hold on to a certain level, it might drop even lower, possibly to around $2200. But, Aldo stays hopeful about Ethereum’s future, thinking it might bounce back and reach a target just under $2400.
Avalanche (AVAX)
The analyst had good things to say about Avalanche, saying it has been doing well recently. He mentioned that if Avalanche can go above $30, it might shoot up to around $39. Aldo believes Avalanche has a good chance of hitting its all-time high within the next two years.
Chainlink (LINK)
Talking about Chainlink, Aldo said that while it has gained a lot in the past, there could be better options out there. He thinks Chainlink still has potential, and if it breaks some important levels, it might reach around $20. Aldo pointed out positive signs, like good money flow in the 3-day chart and a possible change in trend on the monthly chart.
Solana (SOL)
Aldo touched briefly on Solana, noting that it recently announced a $20 nationwide cell phone plan. While he recognized Solana’s success, he also warned about potential sell-offs after big announcements and recommended keeping a close eye on key technical indicators. He discussed the potential price prediction for Solana, indicating a target between $75 and $80. Aldo pointed out positive technical indicators, such as trigger waves on the 6-hour chart and a potential breakout if Solana can maintain support at $62.
