Renowned analyst Inmortal shares his vision of future record levels for Ethereum and Solana, as well as an optimistic forecast for the meme token Floki.
Potential New Peak for Ethereum
Inmortal pointed out that Ethereum has established strong support below the $2,800 level, creating suitable conditions for growth. Currently trading at $3,113, Ethereum is valued 36% lower than its peak. The analyst expressed confidence that after a brief consolidation period, Ethereum will reach a new high.
Positive Signals for Solana and Floki
Inmortal also highlighted Solana's recent performance, noting that it has broken through its symmetrical triangle formation and is moving towards a new peak. Solana is now trading only 9% below its all-time high. The analyst expressed optimism, saying, 'Send Solana to a new record level.' Floki is expected to reach the $0.00035 target after breaking the $0.00024 resistance.
Need for Caution in Volatile Market
Despite Inmortal's optimistic forecasts, the high volatility of the cryptocurrency markets must be considered. Rapid market changes can significantly impact investment decisions, so investors are advised to closely monitor developments and shape their strategies accordingly.
Such forecasts, like those made by Inmortal, can guide future actions in the crypto market. However, it is crucial to remember that market conditions can change quickly, requiring thorough research and risk assessment before investing.
