The cryptocurrency market continues to maintain its bullish outlook, although it witnesses occasional pullbacks. Leading crypto Bitcoin continues to struggle at $ 92 thousand levels. The altcoin market is generally dominated by green colour. In this positive atmosphere, an analyst with a large following says he is bullish on two rival altcoin projects and a meme coin. The analyst predicts that these tokens are preparing for strong runs.
Inmortal targets $5k for leading altcoin!
As you follow from Kriptokoin.com, optimistic weather continues in the cryptocurrency market. Analysts expect better performance from some tokens. Analyst nicknamed Inmortal says that the leading altcoin Ethereum is in the middle of a short period of consolidation before rising to new record highs. The analyst shares a chart suggesting that Ethereum will eventually head towards $5,000. In this context, the analyst says, ‘Simple structure, simple trade, simple life.’
According to his chart, the analyst notes that ETH has formed a solid base below $2,800. He also suggests that this level now serves as the foundation of a new bull trend. Meanwhile, at the time of writing, ETH was trading at $3,148, up 2.36% on a daily basis. Hence, the leading altcoin stands about 36% away from its all-time high of $4,878.
According to the analyst, the leading altcoin competitor Solana is also ready!
After Ethereum, the analyst looks at its strong rival Solana . Inmortal thinks SOL is now ready to see its all-time high after breaking out of the symmetrical triangle structure, a technical analysis pattern traditionally seen as a bull continuation pattern. Accordingly, the analyst says, ‘Send Solana to the new ATH.’ Meanwhile, at the time of writing, SOL was trading at 245, up 1% on a daily basis. This means that it is about 5% away from the ATH level of $ 259.96.
Analyst predicts a strong run for FLOKI!
Finally, the analyst explains that he is also bullish on the meme coiin Floki Inu (FLOKI). Inmortal predicts that FLOKI is ready to rise to $ 0,00024 after removing its resistance at $ 0,00035. In this context, the analyst says, “It will outperform.’ Meanwhile, at the time of writing, FLOKI was changing hands at $ 0.0002503, down 0.7% on a daily basis. FLOKI needs to make a run of about 40% for the analyst to reach his target.
The opinions and forecasts in the article belong to the analyst and are not investment advice. AsKriptokoin.com, we strongly recommend that you do your own research before investing.
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