As the cryptocurrency market swings back and forth, investors and traders search for new opportunities. In the midst of this search, a popular crypto analyst shares his predictions to provide some insight. The analyst says that an Ethereum competitor seems poised to closely follow Solana’s recent rise. The analyst also gives his targets for the 2 altcoin projects he is bullish on.
Inmortal: This altcoin is following Solana!
As you have been following from Kriptokoin.com, after the leading crypto Bitcoin started to recover, Mt. Gox payments, it has come under a bearish stare again. However, the market continues to show resistance. In this atmosphere where morale is still high, analyst nicknamed Inmortal says that smart contract platform Avalanche (AVAX) is following Solana (SOL) with a “long and strong muscle memory”. In this context, the analyst shares two charts to show the same price patterns of SOL and AVAX.
The analyst also notes that AVAX has entered its “final setup” and is currently targeting $42. According to his chart, the analyst predicts that AVAX will rally after reclaiming an important support level of $27. Meanwhile, AVAX was trading at $30.23 at the time of writing, down 1% on a daily basis. On its weekly chart, the altcoin was up 7.36%.
Analyst expects an ATH from Solana!
Inmortal also sees bullishness in leading altcoin Ethereum rival Solana itself. “SOL is outperforming BTC and ETH and is ready to move higher. A new ATH is possible by the end of the summer.” According to his chart, the analyst predicts that SOL will eventually break above its diagonal resistance and rise to $260 in September this year. Meanwhile, SOL was trading at $178.31 at the time of writing, up 1.4% on a daily basis. The altcoin is up nearly 11% on its weekly chart.
Inmortal: FLOKI is slowly gaining momentum, targeting $0.00028!
Inmortal is also bullish on Dogecoin (DOGE) rival Floki Inu (FLOKI). The analyst says the meme coin is “slowly gaining momentum”. According to his chart, the analyst predicts that FLOKI will jump towards the $0.00028 level next month. Meanwhile, at the time of writing, FLOKI was trading at $0.0001866, down 0.3% over the past day. However, the altcoin saw a 1.28% increase on its weekly chart.
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