Two popular cryptocurrency analysts updated their forecasts for SOL and 7 altcoins. Among altcoins, it takes ADA, LUNA, and GMT. Analysts are raising the bar as these altcoins have been trending lately.
ADA, LUNA, SOL, AVAX predictions
Popular crypto analyst Michaël van de Poppe, Cardano (ADA), Terra (LUNA) and Web3 app STEPN (GMT) It follows five altcoin projects, including In his latest Twitter update, the analyst said he expects Cardano to continue the rally as it clears its current resistance at $0.60:
Looking at $0.60 for long periods will give a potential target of $0.77 in the next run.
At the time of writing, ADA is trading at $0.6173, up 5%. The Cardano network will release the Vasil hard fork in the coming days.
Altcoin analyst updates LUNA forecasts
The next altcoin is Terra LUNA, where Van de Poppe lost all hope. The analyst who posted the chart below says:
I can’t really say much. Its decline continues. So if $6 is lost, he expects $4.50-5.
According to CoinGecko, LUNA is trading at $4.31 at the time of writing.
Another altcoin on the analyst’s list, GMT
was one of the latest trends in the GMT altcoin market. Van de Poppe says GMT needs to break a critical resistance to rally 15%:
Breaking highs at $1.02 and acceleration towards $1.15 is likely.
GMT is trading at $0.9713, down 2% in the last 24 hours.
These levels are critical for The Graph (GRT)
The last altcoin on Van de Poppe’s radar is the Blockchain indexing protocol The Graph (GRT). The crypto analyst predicts that the uptrend will continue on the way to his target at $0.19 for GRT.
At the time of writing, GRT is $0.1512, down 3% GRT in the last 24 hours.
“Origin Protocol (OGN) preparing to rally”
The last altcoin on the list is Origin Protocol (OGN), which aims to create a sharing economy. According to Van de Poppe, OGN looks set to start a 17% increase to its target of $0.33. The analyst, who posted the chart below, noted:
OGN has been showing momentum lately and has given some signs (longs/shorts). Currently, I’m personally looking at $0.275 for long potential.
Solana (SOL) and rally prediction for an Ethereum competitor
Next analyst, while the crypto market is consolidating well below ATH levels, He says some altcoins will fall hard. The crypto analyst nicknamed Pentoshi says we are in a bear market, but additional rallies will be seen as investors turn the market. Pentoshi uses Bitcoin’s rallies in 2018 as an example. The analyst who posted the chart below says:
Within a macro downtrend, there will typically be countertrend rallies that create macro low highs on charts such as 3-day-1 week, which make up your market structure. Part of it will be short closes and shorts from higher to take profits. Thus, depending on how the market structure is formed, it leads to 30-50% or even 2x redistribution after a few weeks of strong rallies. People feel even more comfortable believing that a new macro trend has changed.
The analyst says there will be rallies in the next few weeks that will make investors believe a new bull market has started and turn them into exit liquidity for sellers. As for which altcoins to watch, he says smart contract platform Solana (SOL) will catch the bears off guard. Meanwhile, he predicts up to 50% rally on the SOL before continuing the downtrend:
It’s time for me. The odds and history say this is probably more picking up than people think. Suppose we saw $58-60.
The closely-followed analyst also has his eye on Ethereum rival Avalanche (AVAX) for potential bull runs. It predicts a roughly 38% rally from current prices:
bouncing from where we took the 25% rally last week. Potential double bottoming, targeting near mids again and potentially high range.
