Trader Says This Ethereum-Based Altcoin ‘One of the Strongest Coins,’ Updates Outlook on Solana and Chainlink
A widely followed crypto strategist believes the token of one layer-2 blockchain project is among the best market performers.
Pseudonymous analyst Altcoin Sherpa tells his 214,100 followers on the social media platform X that Mantle Network (MNT), an Ethereum (ETH) scalability solution, could soar beyond all-time highs (ATHs).
“MNT: going to buy some more Mantle here. I think this continues to grind up beyond ATHs, still one of the strongest coins.”
MNT is trading for $1.30 at time of writing, down 4.5% in the last 24 hours. MNT reached an ATH of $1.54 on April 8th.
Next up, the trader says Solana (SOL) could decline to $140, the bottom of a previous trading range.
“SOL: still thinking just buying in this range of $175-$200 is a good decision. Would load up at $140 if it comes. Despite its challenges of late, I still think it’s a good buy.”
Solana is trading for $167.83 at time of writing, down 2% in the last 24 hours.
Meanwhile, the trader says Chainlink (LINK), a provider of decentralized oracle services for smart contracts, has strong fundamentals but is unable to break out of a resistance level at $20.82.
“LINK: continues to disappoint. I expected more from this one. Still one of the better fundamental coins overall, but I thought we’d see more upside.”
LINK is trading for $17.17 at time of writing, down nearly 2% in the last 24 hours.
Lastly, the trader believes Bitcoin (BTC) could have short-term volatility within its current trading range but predicts a breakout eventually.
“BTC: don’t get chopped to death in this range. You will die and lose your stack and miss the fun.”
Bitcoin is trading for $69,385 at time of writing, up slightly in the last 24 hours.
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