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Home»Analysis»Analyst predicts rallies to new all-time highs for Ethereum and Solana, calls one Memecoin the ‘outperformer’
Analysis

Analyst predicts rallies to new all-time highs for Ethereum and Solana, calls one Memecoin the ‘outperformer’

2024-11-18No Comments2 Mins Read
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A closely watched crypto strategist thinks layer 1 rivals Ethereum (ETH) and Solana (SOL) are gearing up to rally to new all-time highs.

Pseudonymous analyst Inmortal tells his 217,500 followers on social media platform

The trader shares a chart that suggests Ethereum will eventually break through on its way to $5,000.

“Simple structure, simple trade, simple life.”

Image
Source: Immortal/X

Based on the trader’s chart, he seems to suggest that ETH has formed a solid base below $2,800 that 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 thinks SOL is now poised to record a new all-time high after breaking out of the symmetrical triangle structure, a technical analysis formation traditionally seen as a bullish continuation pattern.

“To steer [Solana] to new ATH (all-time record).”

Image
Source: Immortal/X

At the time of writing, SOL is trading at $235, about 9% away from its all-time high of $259.96.

The trader is also bullish on the meme token Floki (FLOKI). Inmortal predicts that FLOKI is poised for a rally to $0.00035 after clearing its resistance at $0.00024.

“The standout.

FLOKI.”

Image
Source: Immortal/X

At the time of writing, FLOKI is worth $0.000256.

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See also  Crypto analyst sees bullish continuation of arbitrage and injection, calls for higher Bitcoin price
alltime Analyst calls Ethereum Highs MEMECOIN outperformer Predicts Rallies Solana
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