Top Crypto Trader Predicts Rally for Ethereum Rival Solana (SOL), Updates Outlook on ETH and STEPN (GMT)

Popular analysts have set price targets for Ethereum Challenger Solana (SOL), making the following forecasts for ETH and STEPN (GMT).

Pseudonym Analyst Altcoin Sherpa To tell His 179,900 Twitter followers use the Fibonacci retracement tool to plot Solana’s support and resistance levels. Keep in mind that the loss of the $ 32 range (0.618 Fibonacci level) can make the situation for smart contract platforms worse.

“I’ve been aiming for a high $ 30 for a long time. It will come out if 0.618 is lost in a high time frame.

Don’t follow me on this, it’s against the trend.

When you get there, look for shorts for around $ 42. “

Looking at the Altcoin Sherpa chart, he seems to be aiming for $ 38 and $ 42 in SOL.

At the time of writing, Solana has risen by more than 9% in the last 24 hours and is trading at $ 36.33.

Next to Altcoin Sherpa’s radar, it leads the smart contract platform Ethereum. Analysts remain generally bearish against ETH, Silver lining Due to the large purchase activity at the current price, Ethereum can open up a short-term bottom.

“I personally haven’t seen anything bullish on this chart. The only thing is that this area is a large number of nodes / people like to trade at this level, Usually that means it’s decent [resistance to support] level.

Other than that, all trends are bearish [timeframes].. “

Ethereum is 7.34% green and has an asking price of $ 1,151.

Next to the Altcoin Sherpa watchlist is the altcoin STEPN that you move and earn.He expects further price integration before the next rally, but analysts say Point out Mass Node (HVN) metrics indicate that traders may be starting to load.

“There is no indication of a changing trend yet. I still use this app every day and am an investor.

That said, I think we need to integrate a little more before we can move upwards.

HVN in this current area. Traders like to trade in this price range. “

STEPN is currently up over 17.4% and is changing hands at $ 0.94.

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Featured Image: Shutterstock / Professional Bat / Tun_Thanakorn