One closely watched cryptocurrency trader believes Solana (SOL) has witnessed the last major correction of this market cycle.
Household analyst Inmortal told his 213,300 followers on social media platform X that SOL bulls had successfully defended support around $120.
The trader shares a chart that suggests the blue chip altcoin is now poised to bounce to a new 2024 high at $320.
“Last dip.
brush.”
As of this writing, SOL is valued at $153.45, which suggests an upside potential of nearly 110% if the altcoin achieves analysts’ targets.
Inmortal also predicts that three memecoins will rally together with Solana. Traders are watching Floki (FLOKI) closely, saying it looks bullish after it retested the 200 moving average (MA) on the 8-hours chart and regained support at $0.00015.
Inmortal believes FLOKI will fall to around $0.00017 before surging to $0.00025 later this month.
“When IF SOL goes up, FLOKI, DOGE, and PEPE also go up.
Particularly interested in FLOKI
> Deviation + Retest + 200 MA
>It’s a little late.”
As of this writing, FLOKI is trading at $0.000179.
Another coin on traders’ radar is Seedify.Fund (SFUND), an incubator and launchpad specializing in blockchain games. According to analysts, SFUND is currently in the process of solidifying the $2.60 level as support.
“We are re-testing the 578-day accumulation for the second time.
Sure, you don’t see this every day.
establish.”
Looking at the trader’s chart, he seems to be predicting that SFUND will rise to $6 in the coming months. As of this writing, SFUND is trading at $2.65.
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