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On Thursday, the cryptocurrency market saw some profit reserving, halting a ii-day winning streak, with the selling force per unit area being more acute in altcoins. The global crypto market place capitalization cruel by more than iv% to $1.70 trillion.

In a new video, Altcoin Sherpa, a pseudonymous trader Predicts What'south In Shop For SOL, AXS, LINK, KNC, and NEAR in Feb.

Solana (SOL)

Solana, ane of the most popular 'Ethereum killers,' had a fantastic 2021, surging x times from $25 to $260. On the other hand, it has had severe corrections since being rejected from its best high in November and is currently buying and selling at about the $100 support in a parallel channel it has been creating since January. It's also bumped up against a trendline resistance from December and has been rejected once more. Equally per the analyst, Solana Price will take some other step down to near $65 before igniting a relief rally to his objective of $140.

Chainlink (LINK)

Chainlink, a decentralized oracle network, is another coin on the trader's radar, which he thinks looks positive because it trades at a critical support level. He said that one could definitely but seek whatsoever dip for LINK and buy it. He believes nosotros may see a render to the lower time frames, mayhap to $15 or so, in the form of a double bottom. Given that it'southward at range lows, there's a lot of sell volume, and dips are being bought swiftly, this seems quite solid to me.

Axie Infinity (AXS)

Next up is Axie Infinity, a blockchain-based game (AXS). Axie Infinity is expected to rally strongly, according to Altcoin Sherpa, every bit the coin maintains support at $45. From $45 to $90, or any of these levels up [beyond $110], one tin withal hit a 2x or something like that. It's probable that something will happen. While Altcoin Sherpa is bullish on AXS right now, he does non expect information technology to achieve a new all-time loftier very soon.

Kyber Network Crystal (KNC)

Information technology is an Ethereum-based cryptocurrency used to pay fees on the Kyber Network, is too on the annotator'due south radar. KNC appears to exist very stiff right now, according to Altcoin Sherpa, despite the prevailing adverse trend in the crypto markets. When looking for resistance levels, He is pointing at something around $2.40.

NEAR

a programmer-focused blockchain designed for scalability and reliability is the last coin on the analyst's radar. The alt is expected to make one more than downward move before rise to $14, according to Altcoin Sherpa. At that place'due south a take a chance we'll see the last shakeout to $8 or so, and I've placed a bid at that place. But, on the whole, this coin has held upward well, and information technology appears to me to exist a picayune meliorate than many other coins right now.