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">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">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">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 loading="lazy" loading="lazy" 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">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">Analyst Predicts Strong Rally for Solana and Floki</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analyst Predicts Strong Rally for Solana and Floki

Table of Contents

COINTURK NEWS

Alte articole publicate pe 30 iul. 2024

Ethereum ETFs Face $98.29 Million Outflows Amidst Mixed Inflows for Bitcoin

Chainlink Join Hands With Wenia to Boost Transparency of Colombian Peso-Backed Stablecoin

Only 24 Hours Left To Snap Up Safer WienerAI As Mt. Gox And DOJ Transfers Rattle Bitcoin Price

Chainlink Proof of Reserve Now Backs 21Shares Core Ethereum ETF

Floki Announces Valhalla Sponsorship for India’s Tour of Sri Lanka, Targeting 220M Viewers

Ethereum Post-ETF Rally Likely to Outshine Solana Gains

Join our free newsletter for daily crypto updates!