A popular crypto analyst is laying out his predictions for Solana (SOL) and a handful of other altcoins after this month’s digital asset market fallout.
The pseudonymous trader Altcoin Psycho tells his 10,700 YouTube subscribers that if Bitcoin’s (BTC) price stays stable, SOL could jump up to $17 before breaking back down again.
Overall, he thinks Solana will probably break below the $12 level and crash all the way to $3 given how much the network is still “in limbo.”
SOL is trading at $13.07 at time of writing. The 17th-ranked crypto asset by market cap is up 14.62% in the past 24 hours.
Altcoin Psycho is even more bearish on the decentralized derivatives exchange Serum (SRM). The analyst thinks the project’s overlap with the collapsed crypto exchange FTX will cause it to crash and burn all the way to $0.
SRM is trading at $0.251363 at time of writing. The 212th-ranked crypto asset by market cap is up more than 7% in the past 24 hours.
Altcoin Psycho warns his subscribers to
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