Ethereum

Solana

Sherpa

Chainlink

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 A widely followed crypto analyst says that one Ethereum (ETH) rival that’s skyrocketed by over 300% this year still has more room to rally.
 Pseudonymous crypto trader Altcoin Sherpa tells his 194,200 followers on the social media platform X that smart contract platform Solana (SOL) will likely continue surging up in price until proven otherwise.
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 The strategist also says he’s not sure what will become of bankrupt crypto exchange FTX’s holdings of Solana worth $1.16 billion as of August 31st.
 “SOL: I think that $35-$32 are buy-the-dip zones. I don’t know what happens with FTX supply but this should keep running until shown otherwise.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F98GpDZWUAAGtQT?format=png&amp;name=large" alt="" width="1063" height="499">
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 Source: Altcoin Sherpa/X
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 Solana is trading for $39.83 at time of writing, a staggering 300% rise since the start of 2023 when it was moving for just $9.97.
 Moving on to the decentralized crypto exchange (DEX) platform SushiSwap (SUSHI), Altcoin Sherpa says that accumulating the digital asset at $0.91 seems like a good idea with the 0.5 Fibonacci level offering support.
 “SUSHI: I think buying $0.91 seems pretty solid. S/R(support and resistance) level, etc.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F972Ih_bkAA7AaA?format=png&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Altcoin Sherpa/X
 </figcaption>
 </figure>
 At time of writing, SUSHI is worth $1.06.
 The crypto strategist concludes his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by noting that traders should keep an eye on the $9.50 price level of the decentralized oracle provider Chainlink (LINK).
 “LINK: come on… let’s fill the rest of my bids, please. $9.50 is the area.” 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" loading="lazy" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F98-czdWQAAzmH0?format=png&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Altcoin Sherpa/X
 </figcaption>
 </figure>
 At time of writing, LINK is trading for $11.32.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-ethereum-rival-that-s-exploded-over-300-to-keep-running-unveils-targets-for-chainlink-and-sushi-tbt69096.html">https://thebittimes.com/trader-says-ethereum-rival-that-s-exploded-over-300-to-keep-running-unveils-targets-for-chainlink-and-sushi-tbt69096.html</a>

Trader Says Ethereum Rival That’s Exploded Over 300% To ‘Keep Running,’ Unveils Targets for Chainlink and Sushi

TheBitTimes

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