2022 has been recorded as a year in which the cryptocurrency world grows and changes rapidly. During this period, many analysts and investors made predictions about the future of major crypto assets. One of the prominent names in these predictions was an analyst known by the pseudonym DonAlt. In particular, his successful Bitcoin prediction for 2022 attracted great attention in the cryptocurrency community.
DonAlt’s analyzes and predictions on the cryptocurrency market have become an important reference source for investors and enthusiasts. DonAlt has recently made remarkable evaluations about the performance of the popular altcoin Solana (SOL).
DonAlt believes Solana is setting the stage for an upside breakout following its first major rally. DonAlt’s predictions on SOL include the possibility of the asset breaking a key resistance level ($32.98). This means that the altcoin price may increase in the coming period. However, DonAlt also emphasizes that SOL’s upward movement is most likely directly linked to the performance of Bitcoin (BTC).
“Solana/USD is here ($32.98) knocking on heaven’s door again. As long as Bitcoin survives, I think it should break out to the upside like Chainlink (LINK) did. So Solana looks good in USD trading pair. It continues to make higher lows (new lows higher than the previous low).”
The crypto analyst also noted that Solana is showing bullish momentum on the monthly chart.
“If you look at the monthly time frame, that’s pretty good. There is an acceleration. Then there’s a lot of horizontal movement, and now there’s a second one. I like this chart. Even at this point if I had to buy one altcoin it would be Solana and LINK.”
The trader did not just make altcoin predictions. He later claimed that Bitcoin could mirror its 2018 price pattern and rise to a range as high as $60,000.
“In terms of target, if we break this level ($35,028), I think the next level will be $60,000. (…)
If you compare it with 2018, we experienced consolidation. We experienced a downward break. This was a slightly longer breakout but the same and then people tried to short the retest and that didn’t quite go as planned. It went completely into the high range which I have outlined here. So, if it’s played exactly the same way, you’ll basically be at the highest level in two months, which I think is unlikely, but possible. I think this could be possible if we get good ETF (exchange traded fund) news. “But we also have high time frame resistance right now.”
You can follow the current price movement here.