Alternative Coin Rally: Solana (SOL) and Chainlink (LINK) Poised for Extended Bullish Momentum

Renowned Cryptocurrency Analyst Predicts Mini Altcoin Season

Renowned cryptocurrency analyst Altcoin Sherpa suggests that the ongoing period, marked by substantial gains in various altcoins, can be identified as a mini altcoin season. The analyst anticipates Solana (SOL) and Chainlink (LINK) to continue their bullish runs, with SOL expected to witness a 30% increase and LINK predicted to rise by up to 30%.

Solana’s Bullish Momentum

Experienced cryptocurrency analyst Altcoin Sherpa has shared insights into the potential rise of certain altcoins throughout November. Through a post on their personal account on the social media platform X (formerly Twitter), Altcoin Sherpa conveyed, “We are currently in a good mini altcoin season, and I love seeing it. I predict a slight consolidation in December, followed by a major surge in January. Ethereum (ETH) is likely to catch up with Bitcoin’s (BTC) performance, and I believe scaling needs to start there.”

Altcoin Sherpa specifically highlighted Solana (SOL), recognized as one of Ethereum’s strongest competitors, expecting a further increase of over 30% from its current value. The analyst, optimistic about the continuation of Solana’s over 150% rise in popularity, stated:

  • SOL is making incredible moves, and there is no sign yet of FTX’s controlled supply of SOL entering the market.
  • If the price closes above $50 on the weekly timeframe, there are no obstacles until the next region known as $75.
  • I will continue to expect a rise in Solana until I see otherwise.

Chainlink’s LINK Poised for Upward Movement

Continuing the analysis, Altcoin Sherpa turned attention to Chainlink’s LINK, which has observed a surge of over 110% since October 15th. The analyst predicts an additional rise of approximately 30% from its current value and expressed:

To be honest, I don’t think it will stop at $18-20. There may be a small dip after this, but I still expect much higher targets. Many of us could have bought LINK during the 500-day consolidation period and made more money by holding rather than dealing with trading.

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