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.
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.
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.
Don’t miss a beat – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Hodl Daily Blend
& nbsp
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway