Solana (SOL) New Price Prediction Is Out

There are new price predictions about important digital assets in the crypto space. Take a look at them below and see what’s the latest price prediciton for Solana.

It’s been revealed that a closely followed crypto analyst has just addressed what’s ahead for Ethereum rival Solana (SOL) and move-to-earn protocol STEPN (GMT).

In a strategy session, DonAlt warns holders of smart contract platform Solana that SOL looks bearish on the high timeframe charts. This comes right after converting weekly support at $140 into resistance.

According to DonAlt, the price action suggests that SOL is at risk of losing half of its value.

“Solana legitimately looks like the altcoins did in 2018. You have the perfect bearish retest… and then you realize the next support that you have, if you toggle the weekly [chart], is that $47, which is 50% down. That’s the nearest support that I have and then it starts getting scary.”

It’s also important to note the fact that another coin on the trader’s radar is STEPN.

Just in case you don’t know, this is the walk-to-earn project whose GMT token has significantly corrected after enjoying parabolic rallies in recent weeks.

DonAlt expects GMT to go through a period of wild volatility in the coming week that would present a prime buying opportunity for the bulls.

“I honestly can see [GMT] close at this level this weekend. And then next week wipe out big time and reverse it all back again like towards the end of the week.”

He continued and pointed out the following:

“That would be a really, really good trade where you close where we are right now [at] $2.40, maybe at $2.25, and then you wick down to $1.50 or $1.00 during next week if something crazy happens.”

Stay tuned for more news and keep your eyes on the market.