The crypto market continues to trigger a general optimist sentiment while the most important coins are trading in the green. Check out the latest reports about the price of Solana these days.
Solana price predictions
A popular analyst addressed the price charts for half a dozen crypto assets as the markets rebound from a challenging last few months.
The pseudonymous trader Altcoin Sherpa made sure to tell his followers that while he foresees smart contract platform Solana (SOL) rising to around $60 as long as Bitcoin (BTC) holds up, long term he’s not optimistic about SOL’s strength.
“Although I think price is going to $60ish if BTC stays healthy, I think that it’s still very bearish overall.”
He continued and said the following:
“If you’re looking for some sort of macro reversal pattern, you’ll probably get a much better entry than current price later [in my opinion]. Still a good trading opportunity now.”
The analyst also made sure to address Bitcoin’s exponential moving average (EMA) on 4-hour candles.
He said that BTC might be able to work its way to around $28,000 before prevailing bear-market conditions knock it back down.
“Four-hour EMAs all flipped bullish for the first time since March. I think that this grinds all the way to the high $20,000s, i.e. $28,000, before probably dumping.”
He also said the following: “It’s important to remember this is still a bear market.”
Solana and Ethereum to continue rallies
An important crypto strategist addressed the recent market-wide rally, updating his predictions for a trio of digital assets.
Pseudonymous crypto analyst DonAlt addressed the potential price of Ethereum (ETH) after the leading smart contract platform went vertical on the Bitcoin (BTC) trading pair.
“Full send, as expected. It already retraced 40% of the bear market move (on a relative basis) and doesn’t look weak yet either.”
Stay tuned for more news and keep your eyes on the market.