A well-known crypto analyst and trader named Inmortal has made a bold prediction about the future of Solana (SOL) and several other altcoins. According to Inmortal, SOL has already experienced its last major correction for this market cycle and is now poised for a significant rise. In addition to SOL, Inmortal expects Floki (FLOKI), Dogecoin (DOGE), and Pepe (PEPE) to also see an increase in value.
Inmortal shared his analysis on the social media platform X, stating that the support level around $120 for SOL has been successfully defended by bullish investors. He even provided a chart that suggests SOL will reach a new peak of $320 in 2024, noting that the recent dip was the last one for the coin.
As of now, SOL is trading at $147, which means there is a potential for a 110% increase if it reaches the analyst’s target.
Inmortal also mentioned that if SOL rises, FLOKI, DOGE, and PEPE are likely to follow suit. He specifically highlighted FLOKI, stating that it has retested the 200 moving average (MA) on the eight-hour chart and has regained support at the $0.00015 level. Inmortal expects FLOKI to pull back to around $0.00017 before climbing to $0.00025 later this month.
Another altcoin that caught Inmortal’s attention is Seedify.Fund (SFUND), an incubator and launchpool focused on blockchain-based games. Inmortal believes that SFUND is currently strengthening its support at $2.60 and once this process is complete, it will start moving upwards. He emphasized that SFUND is testing its 578-day consolidation period for the second time, which is a rare occurrence.
According to the chart shared by Inmortal, SFUND is expected to rise to $6 in the coming months. At the time of writing, SFUND was trading slightly above the $2.60 threshold at $2.63, experiencing an 8.95% drop in the last 24 hours.
It’s important to note that the information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research before making any decisions.