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Analyst Predicts Rallies to New All-Time Highs for Ethereum and Solana, Calls One Memecoin the ‘Outperformer’

n70products by n70products
November 19, 2024
in Altcoin
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Analyst Predicts Rallies to New All-Time Highs for Ethereum and Solana, Calls One Memecoin the ‘Outperformer’
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A carefully adopted crypto strategist thinks layer-1 rivals Ethereum (ETH) and Solana (SOL) are gearing up for rallies to new all-time highs.

Pseudonymous analyst Inmortal tells his 217,500 followers on the social media platform X that he believes Ethereum is within the midst of a quick consolidation interval earlier than rallies to new record-high ranges.

The dealer shares a chart suggesting that Ethereum will ultimately escape en path to $5,000.

“Easy construction, easy commerce, easy life.” 

Image
Supply: Inmortal/X

Based mostly on the dealer’s chart, he appears to counsel that ETH has fashioned a stable base under $2,800 that now serves as the muse for a brand new uptrend.

At time of writing, ETH is buying and selling for $3,113, greater than 36% down from its all-time excessive of $4,878.

Taking a look at Solana, Inmortal thinks that SOL is now able to print a brand new all-time excessive after breaking out from a symmetrical triangle construction, a technical evaluation formation historically seen as a bullish continuation sample.

“Ship [Solana] to new ATH (all-time excessive).” 

Image
Supply: Inmortal/X

At time of writing, SOL is buying and selling for $235, about 9% away from hitting its all-time excessive of $259.96.

The dealer can also be bullish on the meme token Floki (FLOKI). Inmortal predicts that FLOKI is poised for rallies to $0.00035 after taking out its resistance at $0.00024.

“The outperformer.

FLOKI.” 

Image
Supply: Inmortal/X

At time of writing, FLOKI is value $0.000256.

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Tags: AllTimeAnalystCallsEthereumHighsMemecoinOutperformerPredictsRalliesSolana
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