Analyst Predicts Blue Skies Ahead for Large-Cap Altcoin Amid Market Correction
Altcoin Sherpa, a popular trader and analyst, is predicting blue skies ahead for the native token of layer-1 blockchain Toncoin (TON) despite a marketwide correction. With an all-time high of $8.25 on June 14th, Altcoin Sherpa believes that TON is still in a strong uptrend and one of the strongest charts in the crypto market.
Currently trading at $8.10, TON has seen a more than 3% increase in the last 24 hours. Altcoin Sherpa also warns about Solana (SOL) potentially collapsing against Ethereum (SOL/ETH), with SOL/ETH trading at 0.0409 ETH ($142) and down over 4.6% in the last 24 hours.
The analyst also mentions that the GPU rendering blockchain Render (RNDR) could retest the Fibonacci retracement level at $6.03, with RNDR currently trading at $7.94 and down more than 4% in the last 24 hours.
Lastly, Altcoin Sherpa predicts that Ethereum will print new all-time highs, with ETH currently trading at $3,479 and showing slight gains in the last 24 hours. Altcoin Sherpa’s insights provide valuable information for investors looking to navigate the volatile crypto market.
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