Crypto Analyst Predicts Explosive Rally for Ethereum Rival and Altcoins
A well-known crypto strategist suggests that a prominent rival to Ethereum could experience significant growth in the coming months, along with updates on the outlook for various altcoins.
Solana Could Surge by More Than 230%: Analyst
Renowned analyst Inmortal shared with his large social media following on X about the potential for Solana to achieve a new all-time high by the end of summer, indicating a bullish rally for the cryptocurrency.
- Inmortal predicts a new ATH for Solana
- Anticipates a cycle top between $400-$600
Solana’s Price Projection
Based on his analysis, the analyst foresees Solana’s price consolidating before breaking through resistance levels, aiming at surpassing its previous ATH of $260 set in November 2021. Currently trading at $178, Solana remains slightly below its recent levels.
Altcoins Likely to Benefit from Ethereum’s Momentum
Discussing the impact of Ethereum’s upward movement, the analyst indicated that memecoins like Pepe and Floki could experience positive price action due to the correlation with Ethereum’s performance.
- Ethereum’s rally expected to boost Pepe and Floki
- Floki could potentially see a 52% increase
Floki’s Potential Breakout
The analyst’s chart analysis suggests that Floki might break out to $0.000340, signifying a substantial gain from its current trading value of $0.000223, reflecting a nearly 2% increase in the past 24 hours.
Chainlink’s Path to $28 Forecasted
Looking at the decentralized oracle network Chainlink, the analyst believes that it could reach $28 if it maintains a crucial support level at $16 based on the three-day chart analysis.
- Chainlink’s potential to hit $28 target
- Importance of maintaining $16 support level
Chainlink’s Current Trading Status
At the time of writing, Chainlink is trading at $16.35, showing a 2% decrease in the last 24 hours, highlighting the importance of the $16 support level for its future price movement.
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Hot Take: Analyst Offers Insights on Top Cryptocurrencies
A prominent crypto strategist provides valuable insights on the potential price movements of key cryptocurrencies, including a bullish projection for a top Ethereum rival and expectations for altcoins like Pepe, Floki, and Chainlink.
Source: Inmortal Twitter Post
Source: Inmortal Twitter Post
Source: Inmortal Twitter Post
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