Experts Discuss Current Market Predictions for SOL and GLMR Coins

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The fluctuations in Bitcoin prices have led to rapid losses in altcoins. Currently, BTC has recovered to $93,700 and is hovering around this level. What are the latest market predictions for SOL Coin, which has dropped to $220? What levels are anticipated for GLMR Coin? Let’s examine the expert comments.

Solana (SOL)

Daan Crypto Trades was among those who predicted the drop in BTC prices. Today, they addressed the recent decline in SOL Coin’s price. Amid claims related to Pumpfun, SOL Coin paused its upward trend and experienced lower levels due to the BTC drop. At the time of writing, Solana (SOL) is trading at $230.

The cryptocurrency analyst mentioned that if the decline continues, they will focus on $210;

“We need to wait and see if it finds support here and whether it will reverse. The circle will trigger a potential long reversal towards all-time highs. It will depend on where BTC heads in the short term. If it cannot hold in this area, I will look to ~$210 as the next point of interest.”

Tony noted in a recent analysis that we might see a new test at $203.

GLMR and South Korea

CryptoBullet released price targets today for altcoins, including GLMR Coin. The analyst mentioned ambitious numbers for GLMR, currently priced at $0.25. However, these levels have been tested before. The first target is $2.2, and the second is $6.

Asian investors have a significant impact on cryptocurrency markets, with South Korea being one of the key countries. However, the nation’s perspective on Bitcoin is not as favorable as one might think. Ki Young Ju commented;

“If Michael Saylor were born in Korea, he would likely be in jail. South Korea is not a Bitcoin-friendly country. It is difficult to encourage companies or the government to adopt a Bitcoin treasury strategy when our politicians do not truly understand Bitcoin. Nobody knows what is happening right now. The president knows nothing about Bitcoin, and while the Korean SEC hates Bitcoin, the Korean IRS wants to tax it. They are completely out of sync. It’s a complete mess.”

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