Market Alert: Crypto Trader Signals Potential Downward Trend for Solana, Chainlink, Avalanche, and DeFi Counterpart
Crypto analyst Altcoin Sherpa, followed by nearly 198,900 on X, warns of a bearish trend in December for Solana (SOL), Chainlink (LINK), Avalanche (AVAX), and THORChain (RUNE).
Anticipating a retracement, Sherpa suggests that SOL could dip to $48.72, LINK to $12.44, AVAX to $18.54, and RUNE to $4.48. These projections align with key 0.382 Fibonacci levels and the 200 exponential moving average on the four-hour chart. Sherpa emphasizes the likelihood of a gradual decline before potential strong rallies in January.
Indicating these levels as crucial for forming a robust base. Currently, SOL is trading at $58.13, LINK at $14.61, AVAX at $20.94, and RUNE at $6.07, making these predictions notable in the current market landscape.
Clever Robot News Desk 30th November 2023
