Altcoin Sherpa Leans Bullish on Ethereum (ETH) Challenger Solana (SOL), Predicts 129% Rally for Hyperliquid (HYPE)

A cryptocurrency trader with a large following is optimistic about a top Ethereum (ETH) competitor, suggesting that the altcoin will continue to rise.

The trader, who goes by the pseudonym Altcoin Sherpa, has told his 238,400 followers on the social media platform X that Solana (SOL) is set to go “a lot higher” in the coming weeks and months.

However, the pseudonymous analyst adds that Solana will only rally if Bitcoin (BTC) remains “stable.” According to the trader, any major pullback by Solana should present an attractive entry point.

Judging by the trader’s chart, it appears that SOL will face resistances at $228, $243 and $264. Solana is currently priced at $198.

Next, the pseudonymous analyst is highlighting the native token of the decentralized open financial system Hyperfluid (HYPE). The pseudonymous analyst says that HYPE could rally by about 129% from the current price before the end of the bull cycle.

“Wouldn’t exactly call this bullish on lower time frames but still think this one goes to $50+ before cycle end.”

At the time of writing, HYPE is trading at $21.85.

As for the broader crypto market, the pseudonymous analyst believes that digital assets have more potential for upside bursts this cycle.

“We haven’t experienced anything close to euphoria for it to be a top in my opinion.

You can maybe make an argument that there’s not going to be the same type of euphoria from previous cycles due to dilution, concentrated pumps, and more. But I still don’t think ‘it’s over.'”