Analyst Altcoin Sherpa Projects Next Moves For SOL, DAO And NEAR
According to crypto analyst known as Altcoin Sherpa, looks into what could be next for Solana (SOL), DAO Maker (DAO) and NEAR Protocol (NEAR).
Solana (SOL)
The analyst shared with his 173.4K followers on Twitter that smart contract platform Solana looks to be nearing a bottom, as it finds support at around $100 level.
“SOL: Shows some signs of a bottom for now. Used the one-day close at the top of the Fib and these levels seem respected. Expecting more chop around $100 and EMAs (exponential moving averages) to catch up before a move up.”
$SOL: Shows some signs of a bottom for now, used the 1D close at the top of the fib and these levels seem respected. Expecting more chop around 100 and EMAs to catch up before a move up. #Solanapic.twitter.com/rdJ5bA7hVc
At the time of writing, SOL trades at $108, up 6.5% on the daily chart.
DAO Maker (DAO)
Next up is DAO Maker (DAO), a platform that aims to redefine venture capital for the masses, by providing scalable technologies and funding support to tokenized startups.
The analyst says that DAO looks to be preparing for a rally after forming a rounded bottom on the daily chart.
“DAO: I feel pretty strongly this is going to go to the mid $3s-$4s once it starts to break out. In my opinion, this rounded bottom looks great. Not a very good active trade but one where you just DCA/hodl [dollar cost average/hold on for dear life] for a bit and sell it in a few weeks.”
$DAO: I feel pretty strongly this is going to go to the mid $3s-$4s once it starts to break out. IMO this rounded bottom looks great. Not a very good active trade IMO but one where you just DCA/hodl for a bit and sell it in a few weeks. @TheDaoMakerpic.twitter.com/BbdJ7Rhmx4
At the time of writing, DAO trades $2.70, up 0.2% on the daily chart.
NEAR Protocol (NEAR)
Smart Contracter also looks into Ethereum competitor Near Protocol (NEAR), and projects that NEAR will make a move to new all-time high sooner or later.
“NEAR: In my opinion, just a matter of time before this breaks all-time high levels. Still in this, still just swing trading it.”
$NEAR: IMO just a matter of time before this breaks all time high levels. Still in this, still just swing trading it. #NEARpic.twitter.com/QTUBQWrOHA
