According to a popular cryptocurrency trader, one of Ethereum’s (ETH) competitors will likely be closely following Solana’s (SOL) recent surge.
An analyst with the pseudonym Immortal told his 214,500 followers on social media platform X that smart contract platform Avalanche (AVAX) is “tracking SOL with muscle memory.”
The trader shares two charts to show the same price pattern in SOL and AVAX.
The trader also noted that AVAX has entered its “final setup” and is currently targeting $42.
Looking at the trader’s chart, it seems he is predicting that AVAX will bounce after reclaiming the key support level of $27.
As of this writing, Avalanche is trading at $32.01, which is down slightly from the day’s price.
Inmortal is also showing strength against Solana.
“SOL is outperforming BTC and ETH and is ready to go higher. It will most likely make a new ATH by the end of summer.”
Based on the crypto strategist’s chart, he seems to be predicting that SOL will eventually break above the diagonal resistance line and surge to $260 in September of this year.
As of this writing, SOL is trading at $178.31.
Inmortal is also bullish on Dogecoin (DOGE) competitor Floki (FLOKI), which the trader says is “slowly building momentum.”
According to Inmortal’s chart, FLOKI is expected to jump to $0.00028 levels in the next month.
At the time of writing, FLOKI is valued at $0.000194, down more than 4% over the past day.
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