What Instore For BTC, SOL, AVAX, and GMT Prices? Analyst Maps Next Levels

The post What Instore For BTC, SOL, AVAX, and GMT Prices? Analyst Maps Next Levels appeared first on Coinpedia Fintech News

Altcoin Sherpa, a well-known crypto strategist, and analyst, recently made several price predictions for the cryptocurrency market in February 2023. In his recent tweets, he discussed his next levels for Bitcoin (BTC), Solana (SOL), Avalance (AVAX), and STEPN (GMT).

Bitcoin (BTC) :

Altcoin Sherpa is becoming more bullish on BTC as it remains in its current range. He predicts that a gap closure of up to $30,000 is probable, based on his analysis. However, he also cautions that the recent January rally does not necessarily indicate a bull market and that BTC has not yet reached its bottom.

Solana (SOL):

According to the analyst, Solana is heading toward the $30 area, and if BTC continues to rise, it could reach the mid-$30s. He notes that the future of SOL is unclear, and its value depends on the holdings of the FTX/Alameda exchange.

$SOL: #Solana has done well and it should go to the mid $30s if $BTC holds up. I’m not sure what the longterm future for this coin is, FTX/Alameda had a big bag of it iirc and who knows how that’ll get liquidated. The culture of this chain is still good though. https://t.co/ZpEcFlZdIX pic.twitter.com/73VZIs0MUB

— Altcoin Sherpa (@AltcoinSherpa) January 31, 2023

Avalanche (AVAX) :

The analyst predicts that AVAX will retrace to $17, a drop of more than 20% from its current value of $21.48. He explains that the retreat is due to pressure from the 200-day exponential moving average (EMA) and certain support and resistance levels.

STEPN (GMT) :

Altcoin Sherpa predicts that STEPN is bottoming and will rally to $0.79, a 38% increase from its current value of $0.57. He explains that if BTC remains stable, GMT is likely to make a low around its current value and proceed higher to $0.79.

Conclusion

Altcoin Sherpa’s recent price predictions provide a glimpse into the potential future of the cryptocurrency market in February 2023. While his predictions are based on his analysis, they should not be considered investment advice.