- A well-known crypto trader predicts that Solana (SOL) has seen its last major correction for this market cycle.
- The trader, known as Inmortal, suggests that SOL is set to rally to a new 2024 high of $320.
- Alongside Solana, Inmortal also predicts a rally for a trio of memecoins, including Floki (FLOKI).
Popular crypto trader Inmortal predicts a bullish future for Solana and a trio of memecoins, offering insights into potential price movements and market trends.
Solana’s Bullish Future
Renowned crypto trader Inmortal has shared his prediction that Solana (SOL) has experienced its last major correction for this market cycle. According to the analyst, SOL bulls have successfully defended support at around $120. Inmortal’s chart suggests that the blue-chip altcoin is now poised to rally to a fresh 2024 high at $320. At the time of writing, SOL is worth $153.45, suggesting an upside potential of nearly 110% if the altcoin hits the analyst’s target.
Memecoins to Watch
Inmortal also predicts that a trio of memecoins will rally alongside Solana. The trader is keeping a close eye on Floki (FLOKI), which he says looks bullish after retesting the 200 moving average (MA) on the eight-hour chart and reclaiming support at $0.00015. Inmortal believes that FLOKI will dip to around $0.00017 before surging to $0.00025 later this month. Another coin on the trader’s radar is Seedify.Fund (SFUND), an incubator and launchpad specializing in blockchain gaming. According to the analyst, SFUND is currently in the process of cementing the $2.60 level as support.
Conclusion
Inmortal’s predictions provide a positive outlook for Solana and a selection of memecoins. While these predictions offer potential investment insights, it’s crucial for investors to conduct their own research and due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The future of these coins remains to be seen, but the predictions suggest a bullish future.
