The crypto analyst, who reached his subscribers on the InvestAnswers youtube channel, drew attention to two altcoins that he thinks can achieve a strong upward momentum in the short term.
The analyst initially argued that LUNA could gain strong bullish momentum in the short term as the project plans to support TerraUSD (UST) with billions of dollars worth of Bitcoin reserves. Drawing attention to the latest announcements made by the project, the analyst claimed that the team is carrying out important work and that this may have a significant impact on the price performance of LUNA.
Terra price is $90.11 at press time and a 24-hour trading volume is $1,349,751,735. LUNA price is down -3.8% in the last 24 hours. There is a circulating supply of 360 Million LUNA coins, with a total supply of 755 Million coins. Astroport is currently the most active market where Terra (LUNA) is traded.
Secondly, the analyst stated that Solana (SOL) may also start high rate increases in the short term. Defending that current prices on behalf of SOL are seen as a buying opportunity by investors, the analyst stated that the $150 resistance can be overcome in the short term and then strong upward movements can begin.
In addition, evaluating the current technical views in Ethereum (ETH) and Avalanche (ETH), the analyst said that if the upward momentum in the market continues, the price levels of $ 4,000 for ETH and $ 200 for AVAX can be exceeded.
Bitcoin (BTC), the leading cryptocurrency, retreated to $ 44,500 price levels immediately after pinning the price levels of $ 45,000 with the upward movements it recorded during the day. With Bitcoin's retracement to $44,500 levels, most altcoins in the cryptocurrency market began to record low depreciation. Ethereum (ETH) started trading at the price levels of $3,120 with its recent price movements.