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A top crypto analyst and trader is naming Solana (SOL), Chainlink (LINK) and three other altcoins as the digital assets to watch this month.<\/p>\n
In a new video, pseudonymous trader Altcoin Sherpa says that he expects one more leg down for smart contract platform Solana<\/a> to around $65 before it can ignite a relief rally to his target at $140.<\/p>\n \u201cI would just like to see this area [$60-$70] get tapped several times and then form some sort of bottom and then probably come up, hit this high volume node again around $140 and then probably come back down.\u201d<\/em><\/p>\n Another coin on the trader\u2019s list is decentralized oracle network Chainlink<\/a>, which he says looks bullish as it trades close to a key support area.<\/p>\n \u201cYou can probably just look to buy any dip for LINK. I think that it\u2019s possible that we might see [a] return back lower as well down to $15 or so, somewhat like a double bottom in the lower timeframe charts. To me, this looks pretty strong given it\u2019s at range lows, given its high sell volume, given that we\u2019re seeing dips getting bought pretty quickly.\u201d Next up is blockchain-based game Axie Infinity<\/a> (AXS). Altcoin Sherpa predicts a strong rally for Axie Infinity as the coin continues to respect support at $45.<\/p>\n \u201cYou can still hit like a 2x or something like that from $45 to $90 or some of these levels up [above $110]. It\u2019s certainly possible that this comes.\u201d<\/em><\/p>\n While Altcoin Sherpa is currently bullish on AXS, he does not expect the coin to print a new all-time high anytime soon.<\/p>\n The crypto analyst is also keeping an eye on Kyber Network Crystal<\/a> (KNC), an Ethereum-based token used to pay fees on the Kyber Network. According to Altcoin Sherpa, KNC looks very strong right even amid the general bearish trend across the crypto markets.<\/p>\n \u201cI would just consider buying any dip personally. Looking for resistance levels, I would look for around $2.40 or so.\u201d<\/em><\/p>\n
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