A popular crypto strategist and trader says digital assets are preparing for the second leg of the bull market.
Pseudonymous analyst Inmortal tells his 214,000 followers on the social media platform
“Before you know it, everything will go up again. And before you know it the cycle is over. The first rate cut will trigger the second round of the bull run. Don’t be sad, be prepared. Generational wealth will be built over the coming months.”
One blue-chip altcoin on the trader’s radar is Ethereum (ETH). According to the analyst, ETH could see another move down before rising above $4,000.
“$3,500 – $4,100 More chop
The market is in “don’t let them know your next move” mode.
ETH.”
At the time of writing, Ethereum is trading at $3,749, down 1.59% in the past day.
Inmortal has also focused its radar on the native asset of TokenFi (TOKEN), a crypto project that aims to simplify the process of real-world asset tokenization (RWA) by eliminating encryption. According to the analyst, TOKEN appears to be following in the footsteps of Ondo Finance (ONDO), another project in the RWA crypto subsector.
“TOKEN is about to follow ONDO?”
Looking at the trader’s chart, he seems to predict that TOKEN will clear the resistance at $0.16 and rise to $0.24.
At the time of writing, TOKEN is worth $0.137.
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Generated image: DALLE3