- One well-known cryptocurrency strategist predicts that one large-cap layer-1 altcoin will do better this cycle than the majority of digital assets.
On the social media platform X, pseudonymous analyst Inmortal informs his 214,500 followers that he is eyeing Solana (SOL).
Inmortal tells his followers that if Solana’s price behavior resembles that of late 2020, it could be poised for a parabolic rebound, which would bolster his optimistic outlook.
The trader seems to be predicting that SOL would soar if it breaks through its resistance at $200 based on his chart.
Currently, SOL is trading for $189 as of this writing
Additionally, the analyst has high hopes for the memecoin Floki (FLOKI). The analyst provides a chart that indicates FLOKI will rise toward his target in late August, which is expected to be at $0.00028.
FLOKI is currently valued at $0.000177.
Regarding Bitcoin (BTC), the trader reveals a scenario in which the cryptocurrency king declines below $50,000 before rising and stabilizing above $60,000 by year’s end.
However, Inmortal predicts that Bitcoin will surge to new all-time highs by Q2 of 2025 following the consolidation.
As of this writing, the price of Bitcoin is $69,283.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
