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SOL, AVAX, And ATOM Price Poised To Drop in Coming Days

31 Aug, 20223 min readOther
SOL, AVAX, And ATOM Price Poised To Drop in Coming Days

One of the renowned crypto analysts and traders who is mostly followed for his accurate altcoin prediction has now come up with his analysis on three of the most important altcoins.

An anonymous strategist known as Altcoin Sherpa informs his 181,900 fanbases over Twitter that Solana (SOL), a smart contract platform will make its move towards $25 soon.

He is pretty sure of Solana plunging towards $25 and says that if this is an accumulation phase the currency will register the lows again. Also says that even if it’s just a bearish momentum, the lows will occur.

$SOL: I think a run at these $25 lows is coming. If we view this as an accumulation range (I personally am skeptical), these lows are getting tapped again. And, if we just think it's bearish, then these lows (or even lower) are coming too. So yeah, lower no matter what #Solana — Altcoin Sherpa (@AltcoinSherpa) August 28, 2022

At the time of publication, Solana is changing hands at $32.16 with a plunge of 2.07% over the last 24hrs. If Solana moves as per Sherpa’s predictions, SOL will see a fall of 22% from its current position.

Avalanche (AVAX)

The next coin that’s in the analyst’s list is another smart contract platform, Avalanche (AVX) where he claims that Avalanche is expected to retrace around $14.

Hence, he says that the traders will find the spot to buy the currency on a lower time frame.

There are many reversal patterns in TA: Double bottoms, A&E, E&A, C&H, long accumulation ranges, etc. You're going to get your chance to buy lower, regardless if this area is the bottom OR if price just continues way lower. Be patient. $ATOM $AVAX — Altcoin Sherpa (@AltcoinSherpa) August 28, 2022

Currently, Avalanche is selling at $19.50 after a pull back of 4.29% over the last 24hrs.

Cosmos (ATOM)

The strategist concludes his analysis with Cosmos (ATOM). This is a blockchain that is created to form a bridge between other blockchains.

As per Altcoin Sherpa Cosmos (ATOM ) is about to form a bullish higher low after a deep correction and drop around $8.

There are many reversal patterns in TA: Double bottoms, A&E, E&A, C&H, long accumulation ranges, etc. You're going to get your chance to buy lower, regardless if this area is the bottom OR if price just continues way lower. Be patient. $ATOM $AVAX — Altcoin Sherpa (@AltcoinSherpa) August 28, 2022

At the time of writing, Cosmos (ATOM) is valued at $11.89 with an upward move of 0.30% over the last 24hrs.

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