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Home»ALTCOIN NEWS»Analyst says top Ethereum rival is starting to ‘look good again’ and outlines the future path for Bitcoin and its stack.
ALTCOIN NEWS

Analyst says top Ethereum rival is starting to ‘look good again’ and outlines the future path for Bitcoin and its stack.

By Crypto FlexsJanuary 20, 20253 Mins Read
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Analyst says top Ethereum rival is starting to ‘look good again’ and outlines the future path for Bitcoin and its stack.
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A closely watched cryptocurrency strategist and trader believes one Ethereum (ETH) competitor is preparing for a breakout.

Household analyst Inmortal told his 223,100 followers on social media platform

“If you ask me, my SOL is starting to get better again. “What we need now is a higher high (price) to confirm a breakout of MS (market structure).”

Source: Immortal/X

Looking at his chart, the trader suggested that SOL would surge to $240, then bounce back to around $210, before resuming its upward trend to its all-time high of $263.

At the time of writing, Solana is trading at $219, up 4.7% in the last 24 hours.

Next, traders are weighing Bitcoin after BTC regained the $100,000 range this week after adjusting to $89,000 on Monday.

“Are you saying it’s as easy as waiting?”

video
Source: Immortal/X

Looking at his charts, the trader suggested that Bitcoin could surge to $127,000 in February after falling as low as $95,000 on the 8-hour chart later this month.

Bitcoin is trading at $104,569 at the time of writing, up 5% in the last 24 hours.

Finally, the analyst says Bitcoin Layer 2 project Stack (STX) may have been witnessing a swing failure pattern (SFP) after rebounding from $1.40 on the daily chart.

SFP is often sought out by traders as a potential reversal point.

“You don’t have to be a genius to realize that the STX charts have bottomed. SFP + Demand Test + (Inverse Head and Shoulders Pattern). It may take some time, but it’s a promising setup for me.”

video
Source: Immortal/X

Looking at his chart, he suggests STX could surge to around $2.80.

STX is trading at $1.68 at the time of this writing, up 7.9% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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