Rally

Solana

Strong

Bitcoin

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-strong-rally-for-solana-and-floki/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Strong Rally for Solana and Floki</a> 
Closely followed <a href="https://en.coin-turk.com/investors-shift-focus-to-altcoins-as-bitcoin-price-moves/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> Inmortal shared positive views on Solana (SOL) and Floki (FLOKI), which he believes have high potential. The analyst also evaluated the current outlook for Bitcoin (BTC) and warned <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> of a significant drop before a potential rise.
<h2 style="text-align: justify" id="strong-strong-rally-expected-for-solana-and-floki-strong">Strong Rally Expected for Solana and Floki</h2>
Inmortal shared on his social media platform X account that he predicts Solana will outperform Bitcoin and Ethereum (ETH) in the current cycle.
<img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-375136" src="https://coin-turk.com/wp-content/uploads/2024/07/Altcoin-SOL.jpeg" alt="" width="2478" height="1243">
According to the analyst, if Solana repeats its price movement from late 2020, a parabolic rally could occur. To support this prediction, he stated that he expects a significant rise after Solana surpasses its resistance at the $200 level. At the time of writing, SOL is trading at $189.
Inmortal also painted a positive picture for the popular memecoin Floki. The analyst predicts that Floki’s price could reach $0.00028 by the end of August. This prediction implies a significant rise from Floki’s current value of $0.000177. Inmortal emphasized that the high interest of individual investors in memecoins will continue to make these assets attractive.
<h2 style="text-align: justify" id="strong-major-drop-predicted-for-bitcoin-strong">Major Drop Predicted for Bitcoin</h2>
Lastly, commenting on Bitcoin, Inmortal predicts that the price of the largest cryptocurrency could first drop to $50,000, then consolidate above $60,000.
Following this consolidation, he stated that Bitcoin could reach new all-time highs in the second quarter of 2025. This prediction came at a time when Bitcoin had pulled back from the $70,000 threshold and was trading at $66,500.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-strong-rally-for-solana-and-floki/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Strong Rally for Solana and Floki</a></h5>
The post <a href="https://en.coin-turk.com/analyst-predicts-strong-rally-for-solana-and-floki/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Strong Rally for Solana and Floki</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Analyst Predicts Strong Rally for Solana and Floki

Table of Contents

COINTURK NEWS

Autres articles publiés le 30 juil. 2024

5 Best Cheap Crypto to Buy Now Under 1 Dollar July 29 – Kaspa, Wormhole, Hedera

Hacked WazirX Seeks Help from Former Partner Binance in $230M Fallout

Donald Trump Winning 2024 US Presidential Election May Cause Global Economic Turbulence

Render Trades Bearish Amid 100x Raboo’s Dominating Rally Beyond Cardano.

Is Another Bitcoin Crash on Cards ? Will The U.S Government Sell All Bitcoins like Germany?

21Shares Integrates Chainlink to Enhance Ethereum ETF Transparency

Join our free newsletter for daily crypto updates!