One Ethereum (ETH) rival appears poised to follow Solana’s (SOL) latest surge, according to a popular crypto trader.
The pseudonymous analyst known as Inmortal tells are 214,500 followers on social media platform X that follows smart contract platform Avalanche (AVAX) SOL with “muscle memory, long and strong.”
The trader divides two charts to show the identical price patterns of SOL and AVAX.
The trader also notes that AVAX is “final arrangement”, and he currently is targeting $42.
Looking at the trader’s chart, he seems to predict that AVAX will rise after regaining a key support level at $27.
Avalanche is trading at $32.01 at the time of writing, down slightly on the day.
Inmortal is also optimistic about Solana herself.
“SOL is outperforming BTC and ETH and is poised to break higher. A new ATH (all-time high) at the end of the summer is likely.”
Based on the crypto strategist’s chart, he seems to predict that SOL will eventually rise above its diagonal resistance and rise to $260 in September this year.
SOL is trading at $178.31 at the time of writing.
Additionally, Inmortal is bullish on Dogecoin (DOGE) rival Floki (FLOKI). The trader say the meme item is slowly building momentum.
Inmortal’s chart suggests that FLOKI will jump to the $0.00028 level next month.
At the time of writing, FLOKI is worth $0.000194, down over 4% in the past day.
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Generated image: DALLE3