A closely followed crypto trader believes that one decentralized finance altcoin is setting the stage for a huge rally.
Pseudonymous crypto analyst Inmortal tells his 202,300 followers on the social media platform X that Radix (XRD) could soar by more than 51% from its current value.
“Respecting the squiggly perfectly. Breakout plus retest completed. Impulse uploading.”
![Image](https://cnews24.ru/uploads/85b/85b00c0982b37388510ea03b232c6f90defb1363.jpg)
Looking at his chart, the trader suggests that Radix will soar to the $0.0850 after retesting the $0.0500 level.
Radix is trading for $0.0562 at time of writing, up 10.8% in the last 24 hours.
Next up, the trader is predicting that Solana (SOL) could reclaim $64 after a retest of the $50 level, which has acted as support in the past.
“Those equal lows have been made to be taken. Can we do $50 then $64? Thanks!”
![Image](https://cnews24.ru/uploads/b2c/b2c17f8f73e91bc4a13428b4230aae0ac3b8c719.jpg)
Solana is trading for $59.16 at time of writing, up 1.9% in the last 24 hours.
Lastly, the trader says that Ethereum (ETH) will likely dip lower before a massive move to the upside.
“Your idea is right. Your timing is wrong. ETH will outperform? Yes. But first it will try your patience.”
![](https://cnews24.ru/uploads/62d/62d5fda756995c2837e6050bcabd7a4d184c88eb.jpg)
Looking at his chart, the trader suggests that ETH will decline to around $1,600 before going on a massive rally to the $3,600 level in the first half of next year.
Ethereum is trading for $2,027 at time of writing, down 1.2% in the last 24 hours.
Generated Image: Midjourney