Memecoins
“Last Dip Ever” – Analyst Predicts Solana Rally, Says Three Memecoins Will Rise Alongside SOL
A closely followed crypto trader believes that Solana (GROUND) has just experienced its last major correction for this market cycle.
Pseudonymous analyst Inmortal tells his 213,300 followers on social media platform X that SOL bulls successfully defended support at around $120.
The trader shares a chart suggesting that the blue-chip altcoin is now poised to rebound to a new 2024 high at $320.
“The last dive of my life.
GROUND.”
Source: Immortal/X
At the time of writing, SOL is worth $153.45, suggesting nearly 110% upside potential if the altcoin hits the analyst’s target.
Inmortal also predicts that a trio of memecoins will rally to Solana’s side. The trader closely monitors Floki (FLOKI), which he says looks bullish after retesting the 200 moving average (MA) on the eight-hour chart and reclaiming support at $0.00015.
Inmortal estimates that FLOKI will fall to around $0.00017 before climbing to $0.00025 later this month.
“IF SOL goes up, THEN FLOKI, DOGE, PEPE go up too.
Particularly interested in FLOKI
> Deviation + Retest + 200 MA
> A little late.
Source: Immortal/X
At the time of writing, FLOKI is trading at $0.000179.
Another coin on the trader’s radar is Seedify.Fund (FUNDS), an incubator and launchpad specializing in blockchain games. According to the analyst, SFUND is currently consolidating the $2.60 level as support.
“Retesting an accumulation of 578 days, for the second time.
Obviously, we don’t see that every day.
SFUND.
Source: Immortal/X
Looking at the trader’s chart, he seems to predict that SFUND will rally back to $6 in the coming months. At the time of writing, SFUND is trading at $2.65.
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