A widely followed trader says he sees more upside potential for smart contract platform Solana (SOL) and two tokens flying under the radar.
Pseudonymous Cantering Clark tells his 158,900 Twitter followers that traders who continue to bet against the Ethereum rival will likely be blown out of their positions by a short squeeze.
“This weekend is probably going to be nuts for alts.
SOL is going +$30 before this is all over.
Major squeeze through this level seems obvious.”
Source: Cantering Clark/Twitter
A short squeeze happens when traders who borrow an asset at a certain price in hopes of selling it for lower to pocket the difference are forced to buy back the assets they borrowed as momentum moves against them, triggering further rallies.