Renowned analyst Inmortal has shared his forecasts for Ethereum and Solana, noting potential growth for these cryptocurrencies.
Ethereum's Achievements
Inmortal highlighted that Ethereum has built a strong support level just below $2,800, laying the groundwork for a potential upward movement. With its current price at $3,113, Ethereum is trading 36% lower than its peak. He believes that following a short consolidation phase, Ethereum is set to achieve new heights, emphasizing a straightforward approach with, 'Simple structure, simple trade, simple life.'
Trends of Solana and Floki
Inmortal’s analysis extends to Solana, which has recently surpassed its symmetrical triangle pattern and is climbing towards a new peak. Currently priced at $235, it sits just 9% below its all-time high. His enthusiasm was clear when he stated, 'Send Solana to a new record level.' Regarding Floki, Inmortal anticipates it will hit the $0.00035 mark after breaking past the $0.00024 barrier. Priced currently at $0.000256, FLOKI is expected to keep gaining traction.
Investor Warnings
While Inmortal’s forecasts offer hope for traders, the inherent volatility of the cryptocurrency market requires caution. Rapid market changes can significantly influence investment choices, so it’s crucial for traders to stay informed and adjust their strategies as needed.
Despite analysts' optimism, investors should remain vigilant and closely monitor market changes to make informed decisions.
