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Home»ALTCOIN NEWS»Rapid rise for decentralized finance (DeFi) altcoins, according to cryptocurrency strategist
ALTCOIN NEWS

Rapid rise for decentralized finance (DeFi) altcoins, according to cryptocurrency strategist

By Crypto FlexsDecember 1, 20232 Mins Read
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Rapid rise for decentralized finance (DeFi) altcoins, according to cryptocurrency strategist
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One closely watched cryptocurrency trader believes one decentralized finance altcoin is setting the stage for a massive rally.

Pseudonymous cryptocurrency analyst Inmortal says 202,300 followers on social media platform

“I completely respect the squiggle. Breakout and retest are complete. “I’m uploading on impulse.”

Source: Immortal/X

Looking at the chart, the trader suggests that Radix will retest the $0.0500 level and then surge to $0.0850.

Radix is ​​trading at $0.0562 at the time of this writing, up 10.8% in the last 24 hours.

Next is the merchant. predict Solana (SOL) could claw back $64 after retesting the $50 level that served as support in the past.

“Those equal lows are made to be taken. Can you do it for $50 and then $64? thank you!”

video
Source: Immortal/X

Solana is trading at $59.16 at the time of writing, up 1.9% in the last 24 hours.

Finally, the merchant Called Ethereum (ETH) will likely fall before it rises significantly.

“You’re right. The timing is wrong. Will ETH perform better? yes. But first we will test your patience.”

video
Source: Immortal/X

Looking at his charts, the trader suggested that ETH would fall to around $1,600 before a major rally to the $3,600 level in the first half of next year.

At the time of writing, Ethereum is trading at $2,027, down 1.2% 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 that you are responsible for any losses that may occur. 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.

Image created by: Midjourney

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