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A widely followed crypto strategist is outlining whats in store for Ethereum rivals Solana (SOL) and Avalanche (AVAX) as well as one under-the-radar altcoin.

Pseudonymous analyst Altcoin Sherpa tells his 178,300 Twitter followers that smart contract platform Solana could be carving a local bottom after losing 90% of its value from the all-time high.

SOL: -90% from the peak. This isnt a bad area to start accumulating for longer terms if you are looking for an alternative layer-1. I think its one of the best choices given its non-Ethereum Virtual Machine, to be honest.

Low timeframe, it looks decent to be honest. $45 could come in the mid-term if BTC plays nice.

At time of writing, Solana is changing hands for $38.26, up over 13% in the last 24 hours.

Next up is fellow smart contract platform Avalanche, which Altcoin Sherpa predicts is poised for a relief rally with targets at $22 and $28.

AVAX: Its not a bad idea to want to accumulate and my $12 target never hit. I think a bearish retest is probably coming, not the macro bottom quite yet in my opinion.

At time of writing, AVAX is trading at $17.96, up nearly 8% in the past day.

The last coin on the traders radar is the utility token of the Ethereum-based NFT marketplace LooksRare (LOOKS). According to Altcoin Sherpa, LOOKS is short-term bullish after taking out its immediate resistance at $0.30.

LOOKS: Lolnice break. This is one to consider longing on a dip. Still highly bearish market structure but this is showing a lot of strength.

LOOKS is currently valued at $0.42, up over 21% in the past day.

Featured Image: Shutterstock/Agung Afriady/Sol Invictus

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Heres Whats Ahead for Solana, Avalanche and One Low-Cap Altcoin, According to Top Crypto Analyst - The Daily Hodl