A widely respected cryptocurrency analyst says the nearly 45% devaluation of Ethereum (ETH) rival Solana (SOL) from its 2024 high could end up being the “opportunity of a lifetime” for long-term bulls.
Pseudonym: Cryptocurrency trader Inmortal says According to its 212,400 followers on social media platform
“The opportunity of a lifetime.”
Based on trader charts, he initially predicted that SOL would fall to $115, as it did on Saturday, before reversing and bouncing back toward his upside target.
As of this writing, SOL is trading at $155.18, up nearly 9% in the past day.
Looking at Bitcoin (BTC), the trader says the cryptocurrency king has potentially already bottomed near $60,000. According to Inmortal, bears should expect BTC to fall only if it revisits the $60,000 level.
“No SFP (swing failure pattern), low front run of $60,700.
Just awkward integration and slow grinding.
If it’s $60,000 again, lower it.
“It’s just my opinion.”
merchant island Called The recent correction has been relatively mild and it is only a matter of time before Bitcoin ultimately enters a new phase of euphoria.
As of this writing, Bitcoin is trading at $66,325.
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