dailyhodl.com
A closely followed crypto strategist and trader says Solana ($SOL) and three additional altcoins are his best picks for longer-term holds.
Pseudonymous analyst Altcoin Sherpa tells his 223,400 followers on the social media platform X that $SOL will likely remain in an uptrend as long as it holds $110 as support.
“Longer-term buys: $RLB (shilled a lot plus ‘real value’ plus NFL). SAGA chart looks good. $TAO at $200 (AI). $SOL from $130-$110 still good in my opinion.”
Zeroing in on SAGA, the analyst suggests that the token is currently trading in a range after carving a bottom.
“SAGA I think this thing looks pretty good for a DCA (dollar cost averaging)/spot position. Looks to have found a bottom and consolidating over three months and ranging despite BTC being iffy.”
Solana is trading for $133 at time of writing, up more than 3% in the last 24 hours. Meanwhile, $RLB is trading for $0.094 at time of writing, up 9.34% on the day, SAGA is trading for $1.53, up 13.23% on the day and $TAO is trading for $276, up 10.71% in the last 24 hours.
The analyst also reveals his “swing trade” picks, including Helium ($HNT), a Solana-based asset that uses hotspots to connect wireless devices to its network, lending platform Aave (AAVE) and Solana competitor Sui (SUI).
Looking closer at $HNT, the analyst suggests $HNT could retest lower levels in the near term after a sudden breakout.
“$HNT finally got into this one. It’s being twapped or bought up by someone and it’s got a bizarre chart. I’ve been tweeting about this one for weeks at this point and traded it well before and bought on the recent move down. Holding for a bit with other orders lower.”
$HNT is trading for $7.61 at time of writing, down 7.3% in the last 24 hours.
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