Solana (SOL), an Ethereum alternative, and move to earn protocol STEPN (GMT), were included in the weekly newsletter of an altcoin analyst known for his accurate price predictions.
What levels are next for Solana (SOL)?
Crypto analyst nicknamed DonAlt, known for his accurate predictions, warns Solana investors that SOL price is showing a bearish trend after the weekly $140 support has been turned into resistance. According to DonAlt, SOL is in danger of losing half of its value based on the current price action. In a recent Youtube post, the analyst says:
Solana really looks like the cryptocurrencies of 2018. The ideal bearish retest has just happened… When you look at the weekly [chart], you see the next support at $47, which is 50% down. This is my closest support area and after this level things get dangerous.
Solana is trading at $70.98 at the time of writing. It has lost about 20% compared to the previous week and 8.51% in the last 24 hours.
Popular altcoin analyst points to a bull-ready level for GMT
STEPN, which has seen a major correction after experiencing parabolic spikes in recent weeks (GMT) token is the next altcoin on the analyst’s radar. According to DonAlt, this week may exhibit tremendous volatility, which would be an ideal time for GMT bulls to buy.
For the next technical levels, DonAlt says:
To be honest, I can see GMT closing at this level this weekend. Then delete the big time next week and reverse everything again towards the end of the week. That would be a really good trade when you close where we are now at $2.40, maybe $2.25, and if something crazy happens next week you’re down to $1.50 or $1.00. I think when you see that huge wick and Bitcoin price approaching support, you should buy it. You’ll be able to get two to three times the boost right away from this.
Analyst’s statements on the rally:
I think if you take that big wick and see Bitcoin approaching support, you can put GMT on the radar. And then right after that you have an easy 2x to 3x hit.
GMT is trading at $2.34 at the time of writing.
