A prominent crypto strategist and trader says Solana (SOL) and three other altcoins are the best long-term holding options.
Altcoin Sherpa, an anonymous analyst, told his 223,400 followers on social media platform X that SOL is likely to continue its bullish trend as long as it holds support at $110.
In addition to SOL, the analyst revealed other options for “long-term buys,” including RLB, the native token of the crypto gambling platform Rollbit, Saga (SAGA), a layer-1 protocol, and Bittensor (TAO), a decentralized blockchain platform focused on machine learning and AI.
“Long term buy: RLB (lots of bargaining and ‘real value’, NFL). SAGA chart looks good. TAO at $200 (AI). SOL at $130 to $110, still good in my opinion.”
The analyst took note of SAGA, suggesting that the token has bottomed out and is currently trading within a range.
“SAGA, I think this is pretty good for a DCA/spot position. It looks like it has found a bottom and has been consolidating and widening for 3 months, while BTC is in limbo.”
Solana is trading at $133 at the time of writing and is up over 3% in the last 24 hours. Meanwhile, RLB is trading at $0.094 at the time of writing and is up 9.34% on the day, SAGA is trading at $1.53 and is up 13.23% on the day, and TAO is trading at $276 and is up 10.71% in the last 24 hours.
The analyst also revealed “swing trade” picks including Solana-based assets Helium (HNT), which uses hotspots to connect wireless devices to the network, lending platform Aave (AAVE), and Solana competitor Sui (SUI).
Taking a closer look at HNT, the analyst suggests that HNT may retest lower levels in the short term after a sudden breakout.
“HNT finally got into this stock. It’s being twapped or bought by someone, and the charts are weird. I’ve been tweeting about this stock for a few weeks now, traded it way back and bought it in the recent dip. I held it for a while while other orders went down.”
At the time of writing, HNT is trading at $7.61, down 7.3% over the last 24 hours.
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