Will these altcoins soon break all-time highs? Top analyst says Solana will hit $900

Will these altcoins soon break all-time highs? Top analyst says Solana will hit $900

On Crypto Banter's 'The Sniper Trading Show', an analyst emphasized the importance of understanding when to take profits, as not all tokens will achieve all-time highs.

The analyst identified Solana (SOL), Avalanche (AVAX), Injective (INJ), ThorChain (RUNE), and Dogecoin (DOGE) as altcoins likely to break their all-time highs.

Solana:

• Targets: $400, $650, $900
• The analyst predicts a strong upward momentum with potential to reach these levels without pullbacks.

Avalanche:

• Initial target: $100
• Possible move to $240 after breaking through key resistance levels
• Profit-taking is advisable at these stages if the momentum shows signs of slowing down.

Injective:

• Targets: $40 to $50
• Potential for further gains towards $70 and $93
• Profit-taking is recommended as it approaches these levels.

ThorChain:

• Target: $14
• Further targets at $33, $53, $73 if resistance is broken
• Profit-taking is advisable if the token shows signs of weakness.

Dogecoin:

• May not reach its all-time highs in this cycle
• Considered a good investment entry at current levels
• Potential gain of around 200%
• Profit-taking is necessary as it approaches key resistance levels.

The analyst also highlighted the importance of assessing tokens based on their performance in bear markets, where their true value is revealed. Tokens typically pull back 80-90% during bear markets, indicating their intrinsic worth. Therefore, taking profits during market peaks is crucial to mitigate potential losses when the market corrects.