Big Rally’s Coming To Smart Contract Ethereum And Solana
Solana since this bearish market has suffered some backlash for its frequent shutdowns, which has been worrisome to some investors. For a project which is threat to Ethereum position as the number two after the primary crypto assets bitcoin on workk on racking, we also witness it’s counterpart on this course Terra stable coin UST fall had as it lost it’s peg against USD due to greed and negligence of the creators.
A crypto analyst sees potential in two smart contract which is Etherum and Solana as both assets they might be bullish in coming months. As he tweeted to he’s audience on Twitter in he’s tweet;
“Monthly support holding so far. I bought around $,1000 and if we close this month above there, I’ll be looking for a bearish retest of ~$2,200 to [take profits] into.” also on he’s watch list it the Ethereum trading pair with bitcoin*
(As long as lower timeframes allow, views can obviously change depending on market conditions)
He further resulted to if Solana can double it’s value only if it’s able to stay above it’s support level, and we hoping this is possible as we are not certain if the crypto winter is yet over because we have been witnessing some positive trading candles since last week on both alternative coins and the primary asset bitcoin.He’s tweet on Solana is as seen below;
All trolling aside, this is my SOL longer-term view. Monthly close >$43 and I don’t really see any reason not to bearishly retest ~$100. Until the monthly closes, I’ll be watching the weekly that I posted earlier this week.
At the time of writing both SOL and ETH are both trading at $38.4 and $1,180 respectively.
Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity.
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