The largest cryptocurrency, Bitcoin (BTC), has to break through significant resistance at present levels in order for a meaningful altcoin rally to start, according to an experienced trader and instructor.
Solana (SOL) price target depends on Bitcoin (BTC) performance, trader says
Some significant cryptocurrency rallies might be sparked by Bitcoin (BTC) if it can maintain its strength in the face of significant opposition. According to cryptocurrency instructor Koroush Khaneghah, the price of Solana (SOL) has the potential to reach $140, as reported on X.
In the meanwhile, the current market boom is being led by Bitcoin (BTC). On significant spot markets, the orange cryptocurrency today reached a fresh cycle price high of around $49,500.
https://x.com/KoroushAK/status/1757052890105958601?s=20
The price of Solana (SOL) may increase by another 30% if it were to climb to $140. The asset increased by 12,87% during the previous thirty days.
In addition to Solana (SOL), the trader notes that Chainlink (LINK), which is currently “breaking out beautifully,” may benefit from Bitcoin’s (BTC) robust performance during erratic times.
Tron (TRX) looks “disgustingly” strong
He is, however, dismal about the future of Polygon’s MATIC as well as XRP. POL is poised to overtake the second asset as the primary cryptocurrency within Polygon’s ecosystem.
Although Tron (TRX), Ethereum’s former rival, “took an arrow in the knee,” Khaneghah believes that Tron (ETH) is really powerful, especially when it comes to monthly charts.
Tron’s TRX gained more than 25% in less than three months. It has more than $11 billion in capitalization. With the exception of big stablecoins USDT and USDC, whose market capitalization are controlled, the token has once again made it into the top 10 cryptocurrencies by market cap.
