A well-regarded crypto analyst and trader has identified Solana (SOL) along with three other altcoins as his top choices for long-term investments.
The pseudonymous expert, Altcoin Sherpa, informs his 223,400 followers on the platform X that SOL is expected to continue its upward trend as long as it maintains $110 as its support level.
Besides SOL, the analyst shares additional selections for “long-term purchases,” which comprise the native token RLB of the crypto gaming platform Rollbit, the layer-1 protocol Saga (SAGA), and Bittensor (TAO), a decentralized blockchain dedicated to machine learning and artificial intelligence.
“Long-term purchases: RLB (heavily promoted plus ‘real value’ plus NFL). The SAGA chart appears promising. TAO at $200 (AI). SOL between $130-$110 still looks good to me.”
Focusing on SAGA, the analyst indicates that the token is currently trading within a range after establishing a bottom.
“SAGA looks solid for a DCA (dollar cost averaging)/spot position. It seems to have established a bottom and is consolidating for three months, remaining within a range despite Bitcoin’s volatility.”
At the time of writing, Solana is priced at $133, showing an increase of over 3% in the past 24 hours. Meanwhile, RLB is trading at $0.094, up 9.34% for the day, SAGA is at $1.53, up 13.23% on the day, and TAO is priced at $276, with a daily increase of 10.71%.
The analyst also shares his “swing trade” selections, which include Helium (HNT), a Solana-based asset utilizing hotspots to connect wireless devices to its network, lending platform Aave (AAVE), and Solana competitor Sui (SUI).
Examining HNT more closely, the analyst suggests that HNT may revisit lower levels shortly following a recent breakout.
“HNT finally got my attention. It’s being accumulated by someone, and its chart appears unusual. I’ve been tweeting about this for weeks, having previously traded it successfully, and bought during the recent dip. Holding for a while with additional buy orders set lower.”
Currently, HNT is trading at $7.61, having dropped by 7.3% in the last 24 hours.
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Disclaimer: The views expressed in The Daily Hodl are not financial advice. Investors should exercise caution and perform their own research before engaging in any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Transfers and trades are at your own risk, and any resulting losses are your responsibility. The Daily Hodl does not advocate for the buying or selling of cryptocurrencies or digital assets, nor does it serve as an investment advisor. Please be aware that The Daily Hodl participates in affiliate marketing.
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