The anonymous yet prominent cryptocurrency analyst Loma has publicly shared his bullish predictions for Ethereum (ETH) and Solana (SOL), two of the major players in the smart contract platform sector. According to Loma, Ethereum is currently on a trajectory to revisit its peak price level, and Solana presents a strong buy opportunity during its price consolidations.
Ethereum’s Climb Towards Record High
Loma projects that Ethereum, the most recognized altcoin, could see a progressive upswing towards its highest recorded value of approximately $4,871. He advises traders to remain patient and advises a strategic approach, recommending an exit strategy if the price falls below $3,200, a significant support level. Despite a minor dip to $3,963 in the past 24 hours, Loma’s long-term forecast for Ethereum remains optimistic, hinging on its sustenance above the $3,200 threshold.
Solana’s Ascent to a New Milestone
As for Solana, which is frequently touted as a formidable rival to Ethereum, Loma anticipates a surge in its value. He perceives the price dips near $140 as prime opportunities for investors to bolster their holdings in anticipation of future appreciation. With a target set at $200, Loma suggests that the current consolidation at these lower levels is ripe for investors to make a move, eyeing substantial returns in the upcoming period.
The current market has SOL priced at $150.05, marking a slight rise of 0.63% within a day. Loma’s perspective not only signals confidence in the altcoin’s value growth but also underscores the strategic significance of investing during periods of price stabilization, positioning Solana as a candidate for notable gains in the market.