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Analysis of Crypto Market Trends

by A1

4 months ago


A crypto strategist who is closely monitored suggests that an alternative to Ethereum (ETH) could experience a significant surge of over 230%. The analyst known as Inmortal, who shares insights with a large audience on the social media platform X, predicts that Solana (SOL) might achieve a new all-time high by the end of the summer. The analyst's chart indicates that Solana's price may consolidate before surpassing the diagonal resistance to reach new all-time highs, as Solana peaked at around $260 in November 2021. Currently, Solana is priced at $178, showing a slight decrease over the past 24 hours. Additionally, the analyst speculates that the rise of Ethereum at the beginning of the week could elevate memecoins Pepe (PEPE) and Floki (FLOKI). The analyst outlines the potential for Floki to increase to $0.000340, representing a gain of over 52% from its current value. Floki is currently trading at $0.000223, rising nearly 2% in the last 24 hours. Furthermore, the analyst expresses optimism about the decentralized oracle network Chainlink (LINK), projecting a target of $28 if it maintains $16 as support on the three-day chart. Chainlink is currently trading at $16.35, experiencing a 2% decline in the last 24 hours.

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