A widely followed crypto strategist says he follows altcoin projects Ethereum (ETH) and Solana (SOL). He says both assets see huge upside potential based on how they closed the month. Here are the details…
Analyst expects boom for 2 altcoins: The first is Ethereum
Analyst DonAlt told his 411,100 Twitter followers that he expects Ethereum to initiate a rally of around 80 percent if it manages to stay above the monthly support level. The analyst mentioned that the monthly support has been held so far. He stated that he bought at the level of about $ 1,000 and will consider $ 2,200 to make a profit purchase. The analyst used the following statements:
The monthly support has been kept so far. I bought about $1000 and if we close this month above, I will do a bearish test of about $2,200 to [take profits].
DonAlt also tracks Ethereum’s end-of-month performance with Bitcoin pair (ETH/BTC). According to the analyst, ETH/BTC could explode if it closes June around 0.058 BTC ($1,242). According to the analyst, there is an interesting point for Ethereum here. He thinks his relationship with BTC will strengthen if he retraces the low range in question. He states that being close in resistance will not be heartwarming. The analyst uses the following statements:
Here is a very interesting point for ETH. If he can retrace the low range, I think he should post full per BTC. It’s not nice to be close at the resistance.
Analyst’s focus is LEFT
On the other hand, the analyst is also expecting a rise for Solana (SOL). Looking at Ethereum rival Solana, DonAlt says that SOL could double in value as long as the bear finishes above the monthly support level. The analyst emphasizes that his view is long-term, saying that there is no reason not to see $ 100. The analyst’s comments are as follows:
After all, this is my long-term LEFT view. If the monthly close is above $43, I really don’t see any reason not to retest around $100 somehow. Until the monthly close, I’ll be watching the weekly broadcast I posted earlier this week.
At the time of writing, Ethereum (ETH) is down 2.3 percent and is trading at $1,220. However, it is bullish on the hourly and weekly charts. On the other hand, SOL has lost 3.8 percent in the last 24 hours. As we reported on Kriptokoin.com, DonAlt correctly predicted $ 6,100 that Bitcoin saw in 2020. On the other hand, at the beginning of the same year, he correctly predicted that BTC would rise and rise above $10,300 in February.
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