A closely followed crypto strategist believes layer 1 rivals Ethereum (ETH) and Solana (SOL) are preparing to hit new all-time highs.
Pseudonymous analyst Inmortal tells his 217,500 followers on social media platform
The trader shares a chart suggesting that Ethereum will eventually break out on its way to $5,000.
“Simple structure, simple business, simple life. »
Based on the trader’s chart, it seems to suggest that ETH has formed a strong base below $2,800 which is now serving as the basis for a new uptrend.
At the time of writing, ETH is trading at $3,113, down over 36% from its all-time high of $4,878.
Looking at Solana, Inmortal believes that SOL is now ready to print a new all-time high after breaking out of a symmetrical triangle structure, a technical analysis formation traditionally considered a bullish continuation pattern.
“Send (Solana) to the new ATH (all-time high).”
At the time of writing, SOL is trading at $235, approximately 9% off its all-time high of $259.96.
The trader is also bullish on the Floki meme token (FLOKI). Inmortal predicts that FLOKI is ready to bounce up to $0.00035 after clearing its resistance at $0.00024.
“The overachiever.”
FLOKI.
At the time of writing, FLOKI is worth $0.000256.
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