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Ethereum and Solana Primed To Continue Rallies, Predicts Top Crypto Analyst Here Are His Targets

July 20, 2022
in Altcoin
Reading Time: 4 mins read

Closely followed crypto strategists have updated their forecasts for three digital assets in response to recent market-wide rallies.

Pseudonym Cryptographic Analyst Don Alt update His 416,400 Twitter followers on Ethereum (ETH) after the leading smart contract platform became vertical with the Bitcoin (BTC) trading pair.

“As expected, we will send it completely. We have already traced 40% of the bear market movement (on a relative basis) and it does not look weak yet.

I don’t really know the good reason to get more than a temporary refusal here. Stay bullish. “

image
sauce: DonAlt / Twitter

The leader of the chart To tell He has already maintained a 50% paper profit after the recent surge in ETH has exceeded $ 1,000, but he is aiming to exceed $ 1,800 and reach the $ 2,200 to $ 2,600 zone. ..

“I wanted a close of over $ 1,000 on ETH and I got it. It’s up 50% in this position as well, but I still don’t want to sell it.

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$ 1,800 is a short-lived and interesting area, but given that Marge’s hype has just begun, we’ll probably put it on hold until the goal is achieved or invalidated. “

image
sauce: DonAlt / Twitter

DonAlt concludes the ETH analysis. Target If ETH can finish July on a strong foundation, it will cost about $ 2,200 to make a profit.

“Monthly support so far. I bought about $ 1,000, and after closing the deal this month, I’m looking for a bearish retest up to $ 2,200 to TP.

(Views may obviously change depending on market conditions, as shorter timeframes allow).

image
sauce: DonAlt / Twitter

Ethereum is trading at $ 1,538 at the time of writing, after a week of stable prices have turned upwards.

Strategist on the blockchain protocol Solana (SOL) To tell He made about 50% profit on the latest altcoin rally, but now he wants to keep an eye on the $ 80 exit point instead of making a profit.

“I don’t really feel that I’m in a hurry to sell, up to 50% in my position.

It has a high range and simple trades, but I want to stick out my neck and hold it for a while.

If there are no major changes, we are aiming for $ 80. “

image
sauce: DonAlt / Twitter

Solana has entered an impressive week, plunging from $ 33 to over $ 40 and is currently trading flat at $ 44.71.

When it comes to top digital assets Bitcoin, crypto analysts create A viral meme based on the overall market downturn, partially caused by the collapse of the crypto hedge fund Three Arrows Capital (3AC), which begins in mid-June.

“How … isn’t this a big meme yet?

Aboard. “

image
sauce: DonAlt / Twitter

Then Don Alt will follow up Previous The Bitcoin-priced tweet he said, “$ 22,000 is the place where dreams are made,” has returned to $ 28,000.He is now highlighting BTC’s third attempt violation Maintain that level for the past month.

“Exciting times.”

image
sauce: DonAlt / Twitter

Bitcoin has risen almost 3% in the last 24 hours and has changed trading at $ 23,300 at the time of writing.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors need to do due diligence before making risky investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfer and transaction is your own responsibility and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets. Also, Daily Hodl is not an investment adviser. Please note that TheDailyHodl participates in affiliate marketing.

Featured images: Shutterstock / Dotted Yeti / VECTORY_NT / Tun_Thanakorn

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