Here’s What’s Next for Bitcoin (BTC), Solana (SOL) and Three Under-the-Radar Altcoins: Top Crypto Trader

The pseudonymous crypto analyst Altcoin Sherpa remains largely bearish about the market despite the general price uptick last week.

The trader tells his 180,700 Twitter followers that $22,000 is a “must hold” level for Bitcoin (BTC).

“The last high, although technically higher, is not convincing, and I think there’s a real chance that this low gets broken at $22,000.”

Source: AltcoinSherpa/Twitter

BTC is trading at $23,429 at time of writing.

Altcoin Sherpa is similarly bearish on the Ethereum (ETH) competitor Solana (SOL).

“Didn’t see a clear higher high on this last move. Best we get is some sort of ranging consolidation pattern [in my opinion], seems unclear to me.”

Source: AltcoinSherpa/Twitter

Solana is trading at $40.23 at time of writing.

The analyst also believes OP, the native token for Optimism, will break lower, saying it has “lots of inefficiencies to fill.” Optimism is a layer-2 scaling solution for Ethereum.

Source: AltcoinSherpa/Twitter

OP is trading at $1.91 at time of writing. The 116th-ranked crypto asset by market cap is up more than 18% in the past 24 hours.

Additionally, Altcoin Sherpa predicts “more overall chop” for LOOKS, the utility token of the Ethereum-based non-fungible token (NFT) marketplace LooksRare.

Source: AltcoinSherpa/Twitter

LOOKS is trading at $0.380175 at time of writing.

Conversely, however, Altcoin Sherpa is more bullish on SNX, the native token of Synthetix, a protocol that allows for the issuance of synthetic tradable assets on Ethereum, such as commodities or indices.

“Waited patiently for this level and I think that it’s going to go up, that said it’s always going to depend on BTC. Still think this looks pretty good.”

Source: AltcoinSherpa/Twitter

SNX is trading at $3.84 at time of writing.

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