The crypto market seems to be making efforts in order to recover following the latest market crash. There are all kinds of important predictions about the prices of some important digital assets out and these include Ethereum, Solana, Avalanche, and more. Check out the latest price targets below.
New crypto price predictions are out
It’s been just reported that there is a popular analyst who is digging into the charts to set price targets for a number of important crypto assets as the markets tumble.
The pseudonymous trader known as Altcoin Sherpa has recently said that he’s looking at leading smart contract platform Ethereum with one-week candles, and that the $500 to $800 range is a possibility if ETH capitulates at $1,000.
“Some 1-week targets here. I think $1,000 is a solid short-term bottom for obvious reasons. $800 would be the next area up, eventually $500 if things get bad.”
Ethereum is currently down 10% on the day and trading for $1,113.
The analyst also addressed the layer-1 blockchain Solana. According to the latest reports coming from the online publication the Daily Hodl, the analyst thinks SOL might recapture some of its losses in the near term, but he still expects the altcoin to dip below $20.
“[In my opinion] current area is a good buy zone for a short-term bounce, would NOT get greedy and assume this is ‘the bottom’.”
The analyst also continued and said that the bottom is probably sub-$20 if things continue lower.
He also addressed the platform Avalanche. He said that he expects AVAX eventually to fall to $10, adding that a sub-$5 price tag would mean “things are really bad.”
“Some targets. Long term I think that 10 bucks gets tagged eventually.”
The crypto market is struggling to regain the massive value that’s been recently lost due to the issues around the platform Celsius and the whole economic issues all over the world.