A Crypto Trader Believes Radix (XRD) is Primed for a Massive Rally
A well-known crypto analyst has expressed optimism about the potential for a significant rally in Radix (XRD), a decentralized finance altcoin. The pseudonymous trader, Inmortal, shared his thoughts with his followers on social media platform X. According to him, Radix could experience a surge of over 51% from its current value.
Examining his chart, the trader predicts that Radix will reach $0.0850 after successfully retesting the $0.0500 level. Currently, Radix is trading at $0.0562, showing a 10.8% increase in the last 24 hours.
Solana (SOL) Could Target $64 After Retesting Key Support Level
In addition to his optimism about Radix, the trader also believes that Solana (SOL) has the potential to reclaim $64 after undergoing a retest of the $50 support level. This level has historically acted as a strong support zone.
As of now, Solana is trading at $59.16, reflecting a 1.9% increase in the last 24 hours.
Ethereum (ETH) Expected to Dip Before Major Upside Move
The trader suggests that Ethereum (ETH) may experience a temporary decline before embarking on a significant upward movement. While acknowledging ETH’s potential for outperformance, he advises patience as the dip unfolds.
According to the trader’s chart analysis, ETH could drop to around $1,600 before launching a massive rally to reach the $3,600 level in the first half of next year. Currently, Ethereum is trading at $2,027, showing a 1.2% decrease in the last 24 hours.
Hot Take: Promising Prospects for Radix and Solana, Caution Advised for Ethereum
A prominent crypto trader has identified Radix and Solana as altcoins with potential for substantial gains. The trader’s chart analysis indicates a bullish outlook for both Radix and Solana, with predicted price targets after successful retests of key levels of support.
However, caution is advised when it comes to Ethereum. While the trader acknowledges its long-term potential for outperformance, he suggests that it may experience a temporary dip before embarking on a significant upward movement. Patience is crucial for those expecting Ethereum’s rally.
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