Top analyst predicts Solana will reach 900 are these altcoins on track to break alltime highs

During Crypto Banter’s ‘The Sniper Trading Show’, the analyst emphasized the importance of knowing when to take profits, as not all tokens will reach their all-time highs. Bitcoin initially dominated the market, surpassing many tokens. As the market shifts from Bitcoin to Ethereum and then to altcoins, the role of retail investors becomes significant. The enthusiasm of millions of small investors can create extreme hype.

The analyst identified the top weekly altcoins likely to break their all-time highs as Solana (SOL), Avalanche (AVAX), Injective (INJ), ThorChain (RUNE), and Dogecoin (DOGE). Solana’s targets are set at $400, $650, and $900, showing a strong upward trend with the potential to reach these levels without significant pullbacks.

Avalanche has an initial target of $100, with a possible move to $240 if it can overcome key resistance levels. It is advisable to take profits at these stages if signs of a slowdown appear. Injective’s targets range from $40 to $50, with previous highs of $70 and $93 as the next milestones. Profit-taking as it approaches these levels is recommended. ThorChain is expected to hit $14, with further targets at $33, $53, and $73 if it manages to break through resistance levels.

While Dogecoin may not reach its previous all-time highs in this cycle, it is still considered a worthwhile investment at current levels, with a potential gain of around 200%. It is wise to take profits near key resistance levels to avoid losses if it fails to break through.

Additionally, the analyst stressed the importance of evaluating tokens during bear markets, where their true value is revealed as hype fades. Tokens often experience significant pullbacks of 80-90% during bear markets, indicating their actual valuation. Therefore, taking profits during market peaks is crucial to mitigate losses when the market corrects.

Tags: Altcoins, Crypto news, Price Analysis.