Although the cryptocurrency market has found support and recovered for now, it is struggling to move forward. The leading crypto Bitcoin cannot stay above $67,000 for a long time. The altcoin market is performing similarly, with exceptions. However, analysts have an optimistic outlook on some tokens. One analyst with a large following expresses bullish sentiment about an Ethereum competitor. However, the analyst is bearish on two altcoins.

Altcoin Sherpa: SOL will go much higher!

Cryptocoin.comAs you have been following the market, there is a mixed mood in the market. This uncertainty makes investors and traders nervous. However, they continue to look for opportunities. In this environment, an analyst nicknamed Altcoin Sherpa expresses bullish sentiment for Ethereum rival Solana (SOL). According to the analyst, the SOL price will go much higher. Also, according to altcoin Sherpa, Solana offers potential accumulation opportunities at its current price. In this context, the analyst says the following.

SOL: It’s simple – buy in this 168 – 208 dollar range and don’t think too much about the price for the next few months.

Source: Altcoin Sherpa

Meanwhile, Solana is trading at $172.3 at the time of writing. The token lost 6.7% on its daily chart.

“$0.026 is next for BEAM!”

After Solana, the analyst is looking at Beam (BEAM). However, he is not optimistic about this token. The analyst predicts that if a key support level on the daily timeframe collapses, the gaming token could fall by around 17% from the current level. Accordingly, the analyst makes the following statement:

BEAM: This is still one of the few play coins I have for this cycle, I’m still holding it for too long. It’s still hanging around and if it loses this level, $0.026 is next in line. I’m not going to sell anytime soon.

Source: AltcoinSherpa

Meanwhile, BEAM was trading at $0.0293 at the time of writing. The token was down 5.6% on the daily chart.

Analyst predicts a significant pullback of ENA!

Finally, Altcoin Sherpa shares its predictions for Ethena (ENA), the synthetic dollar protocol that has surged just over 100% since its token creation event earlier this week. The analyst expects a significant drop for ENA:

ENA: I think this will eventually pull back significantly. However, I don’t know when. It could have all sorts of quirks due to new launches, low free float and crazy market makers. Dips make sense to buy in the short term.

Source: AltcoinSherpa

Meanwhile, Ethena was trading at $0.919 at the time of writing. The token fell nearly 13% on its daily chart, in line with the analyst’s forecast. However, the token is over 33% in the green zone on its weekly chart.