Analyst Predicts Solana’s Major Rally

24 days ago

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A prominent cryptocurrency analyst known as Inmortal has forecasted substantial gains for several popular altcoins, including Solana (SOL). Inmortal suggests that Solana could see a significant surge of over 230% in the near future. The analyst also provided insights into other altcoins like Pepe (PEPE), Floki (FLOKI), and Chainlink (LINK).

What Are Solana’s Future Prospects?

In his latest market observations shared on social media platform X, Inmortal predicted that Solana could reach its all-time high (ATH) by the end of summer, with a potential cycle peak between 400 and 600 dollars. Solana’s last ATH was approximately 260 dollars in November 2021, and it is currently trading at 178 dollars. The analyst believes that Solana will consolidate before breaking its cross-resistance, enabling it to reach new ATHs.

Which Altcoins Are Worth Watching?

Inmortal also highlighted the potential impact of Ethereum’s (ETH) recent rally on memecoins like PEPE and FLOKI. He noted that Ethereum’s performance could continue to provide the necessary momentum for these altcoins to rise. Specifically, FLOKI could increase to 0.000340 dollars, up from its current price of 0.000223 dollars, indicating a potential rise of over 50%.

Besides SOL and memecoins, Inmortal is also focused on Chainlink’s mainnet asset LINK. He expects LINK to reach 28 dollars if it maintains support above 16 dollars over a three-day timeframe. Currently, LINK is trading at 16.35 dollars, down 2% in the last 24 hours. Inmortal believes that if the Chainlink community, known as “Marines,” can keep the price above the support level, a strong rally is likely.

Analyst’s Insights

– Solana could peak between 400 and 600 dollars by the end of summer.
– FLOKI may rise to 0.000340 dollars from its current level of 0.000223 dollars.
– LINK has the potential to reach 28 dollars if it holds above the 16-dollar support level.

In conclusion, Inmortal’s predictions suggest a promising future for Solana, along with notable potential for other altcoins like PEPE, FLOKI, and LINK. Investors and enthusiasts will be closely monitoring these cryptocurrencies to see if these forecasts come to fruition.

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