Solana

<div class="dailyhodl">
 A closely followed crypto trader believes that Solana (SOL) just witnessed its last major correction for this market cycle.
 Pseudonymous analyst Inmortal tells his 213,300 followers on the social media platform X that SOL bulls successfully defended support at around $120.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 The trader shares a chart suggesting that the blue-chip altcoin is now poised to rally to a fresh 2024 high at $320.
 “Last dip ever.
 SOL.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMxh8qHWIAEwxZj?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1243">
 <figcaption class="wp-caption-text">
 Source: Inmortal/X
 </figcaption>
 </figure>
 At time of writing, SOL is worth $153.45, suggesting an upside potential of nearly 110% if the altcoin hits the analyst’s target.
 Inmortal also predicts that a trio of memecoins will rally alongside Solana. The trader is taking a close watch on Floki (FLOKI), which he says looks bullish after retesting the 200 moving average (MA) on the eight-hour chart and reclaiming support at $0.00015.
 Inmortal believes that FLOKI will dip to around $0.00017 before surging to $0.00025 later this month.
 “IF SOL goes up, THEN FLOKI, DOGE, PEPE go up too.
 Especially interested in FLOKI
 &gt; Deviation + Retest + 200 MA &gt; A bit lagged.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GM0kUXHWEAEcgqE?format=jpg&amp;name=4096x4096" alt="Image" width="2100" height="1243">
 <figcaption class="wp-caption-text">
 Source: Inmortal/X
 </figcaption>
 </figure>
 At time of writing, FLOKI is trading at $0.000179.
 Another coin on the trader’s radar is Seedify.Fund (SFUND), an incubator and launchpad specializing in blockchain gaming. According to the analyst, SFUND is currently in the process of cementing the $2.60 level as support.
 “Retesting a 578 days accumulation, for the second time.
 Definitely, you don’t see this every day.
 SFUND.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GM1N0SwW8AAvI_y?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1243">
 <figcaption class="wp-caption-text">
 Source: Inmortal/X
 </figcaption>
 </figure>
 Looking at the trader’s chart, he seems to predict that SFUND will rally to $6 in the coming months. At time of writing, SFUND is trading at $2.65.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/last-dip-ever-analyst-predicts-solana-rally-says-three-memecoins-will-surge-alongside-sol-tbt87721.html">https://thebittimes.com/last-dip-ever-analyst-predicts-solana-rally-says-three-memecoins-will-surge-alongside-sol-tbt87721.html</a>

‘Last Dip Ever’ – Analyst Predicts Solana Rally, Says Three Memecoins Will Surge Alongside SOL

TheBitTimes

Other articles published on May 8, 2024

GaFin Partners with Monkey Empire for MMO Strategy Game Innovation

Shiba Inu Listed on Nexo Platform, Receives Detailed Analysis for Users

Enjinstarter & vVv Partnership

Elon Musk's Grok AI Criticized by Bitcoiner Erik Voorhees: Details

Bonus Tiime Offers A Rich Selection Of Bonuses – A Must For Gamblers

Solana’s Jupiter DEX Reveals Major System Enhancements: Potential Boost for JUP Coin Value on the...

Join our free newsletter for daily crypto updates!