A popular crypto analyst and trader, Inmortal, has made a bold prediction regarding the altcoin Solana (SOL), stating that it has completed its major correction for this market cycle. In addition, the analyst expects other altcoins such as Floki (FLOKI), Dogecoin (DOGE), and Pepe (PEPE) to experience a rise alongside SOL.
According to Inmortal, Solana bulls have successfully defended the support level around $120. He shared a chart indicating that the blue-chip altcoin is now poised to reach a new peak of $320 by 2024, noting that this recent dip was its last.
As of now, SOL is trading at $147, indicating a potential 110% increase if it reaches the analyst’s target.
Inmortal also predicts that if Solana rises, FLOKI, DOGE, and PEPE will follow suit. Regarding FLOKI, he mentioned that it has tested the 200 moving average on the eight-hour chart and reclaimed support at the $0.00015 level. He expects FLOKI to pull back to around $0.00017 this month before climbing to $0.00025.
Another altcoin that Inmortal has his eye on is Seedify.Fund (SFUND), an incubator and launchpool specializing in blockchain-based games. According to the analyst, SFUND is currently strengthening its support at $2.60, and once this process is complete, it is expected to start moving upwards. He noted that SFUND is testing its 578-day consolidation period for the second time, which is a rare occurrence.
Based on the chart shared by Inmortal, SFUND is projected to rise to $6 in the coming months. Currently, the altcoin is trading just above the $2.60 threshold at $2.63, with a 8.95% decrease in the last 24 hours.
It is important to note that the information provided in this article should not be considered investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
