Time For Traders To Short SOL, NEAR & DAO! Watch These Potential Low Levels

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The post Time For Traders To Short SOL, NEAR & DAO! Watch These Potential Low Levels appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The cryptocurrency market is waving green. Bitcoin has reclaimed the $41,000 level after yesterday’s $40,000 claim. Barring USDC, XRP, TerraUSd, and a few others, every other cryptocurrency is experiencing a bull run. With this, the global cryptocurrency market has surged by 1.42% over the last 24hrs trading at $1.92 trillion.

On the contrary, one of the crypto analysts is predicting a bottom for Near Protocol (NEAR), Solana (SOL), and DAO Maker (DAO). Let’s understand why.

A closely watched crypto analyst pseudonymously known as Altcoin Sherpa, informs his 173,100 Twitter followers that Solana, a smart contract platform is looking out for low as this Ethereum killer is continuing its support trade at $100.

$SOL: Shows some signs of a bottom for now, used the 1D close at the top of the fib and these levels seem respected. Expecting more chop around 100 and EMAs to catch up before a move up. #Solana pic.twitter.com/rdJ5bA7hVc

— Altcoin Sherpa (@AltcoinSherpa) April 18, 2022

Solana is trading at $108.06 with an increase of 6.05% over the last 24hrs.

The next altcoin that is under Altcoin Sherpa’s watch is Maker DAO (DAO). It is a launchpad that provides software as a service (SaaS) solutions to crypto startups. So according to analyst, DAO Price is all set to head for a breakout as the currency is showing a rounded bottom pattern on the daily chart.

$DAO: I feel pretty strongly this is going to go to the mid $3s-$4s once it starts to break out. IMO this rounded bottom looks great. Not a very good active trade IMO but one where you just DCA/hodl for a bit and sell it in a few weeks. @TheDaoMaker pic.twitter.com/BbdJ7Rhmx4

— Altcoin Sherpa (@AltcoinSherpa) April 18, 2022

At the time of writing, DAO Maker (DAO) is changing hands at $2.70 with an increase of 0.07% over the last 24hrs.

The crypto strategist Altcoin Sherpa talks about another Ethereum competitor called Near Protocol (NEAR). According to analyst, it is just a matter of time before NEAR rallies to a new all-time high

$NEAR: IMO just a matter of time before this breaks all time high levels. Still in this, still just swing trading it. #NEAR pic.twitter.com/QTUBQWrOHA

— Altcoin Sherpa (@AltcoinSherpa) April 18, 2022

And at present, Near Protocol (NEAR) is trading at $16.91 up by 1.45% over the last 24hrs.

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