Analyst Predicts Pullbacks for Ethereum Classic and One Low-Cap Altcoin, Updates Outlook on Solana and ApeCoin

Analyst Predicts Pullbacks for Ethereum Classic and One Low-Cap Altcoin, Updates Outlook on Solana and ApeCoin


A closely tracked crypto strategist is predicting dips for two altcoins while updating his forecast for Solana (SOL) and ApeCoin (APE).

Pseudonymous crypto analyst Altcoin Sherpa tells his 180,700 Twitter followers that smart contract protocol Ethereum Classic (ETC) looks poised for a significant pullback after its steep rally over the past few weeks.

“ETC: comfy in my short from $39s as a hedge. I think this goes to $33 and $30 (potentially) at a minimum. Taking profits there.”

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Source: Altcoin Sherpa/Twitter

At time of writing, ETC is trading for $35.80, over 16% above Altcoin Sherpa’s downside target of $30.

Next up is Optimism (OP), a layer-2 scaling solution for Ethereum (ETH). The crypto strategist believes OP is also likely to witness a deep correction after

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