Ethereum

Based

2024

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 A widely followed crypto analyst says that Ethereum (ETH) competitor Solana’s (SOL) nearly 45% devaluation from its 2024 high may end up being a “lifetime opportunity” for long-term bulls.
 Pseudonymous crypto trader Inmortal tells his 212,400 followers on the social media platform X that Solana looks poised to erase most of its losses in the last few days as he expects SOL to rally above $200.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
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 “Lifetime opportunity.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLED_rkWIAADmsB?format=jpg&amp;name=4096x4096" alt="GIjBRxAXAAE-jGP" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Inmortal/X
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 Based on the trader’s chart, he initially predicted that SOL would drop to $115, which it did on Saturday, before reversing and rallying toward his upside target.
 At time of writing, SOL is trading for $155.18, up nearly 9% in the past day.
 Looking at Bitcoin (BTC), the trader says the crypto king has potentially already bottomed out near $60,000. According to Inmortal, bears should only expect BTC to go lower if it revisits the $60,000 level.
 “No SFP (swing failure pattern), $60,700 low front-ran.
 Just awkward consolidation and a slow grind-up.
 IF $60,000 again, THEN lower.
 Just my opinion.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GLIBezEWEAEj13M?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1243">
 <figcaption class="wp-caption-text">
 Source: Inmortal/X
 </figcaption>
 </figure>
 The trader also says the recent correction was relatively tame, and that it’s only a matter of time before Bitcoin ultimately enters a new stage of euphoria.
 At time of writing, Bitcoin is trading at $66,325.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/lifetime-opportunity-for-solana-crypto-analyst-predicts-steep-sol-rally-following-marketwide-dip-here-s-his-target-tbt85409.html">https://thebittimes.com/lifetime-opportunity-for-solana-crypto-analyst-predicts-steep-sol-rally-following-marketwide-dip-here-s-his-target-tbt85409.html</a>

‘Lifetime Opportunity’ for Solana? Crypto Analyst Predicts Steep SOL Rally Following Marketwide Dip – Here’s His Target

TheBitTimes

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