dailyhodl.com
A closely followed crypto strategist believes that Ethereum ($ETH) competitor Solana ($SOL) is gearing up for an explosive rally.
Pseudonymous analyst Inmortal tells his 206,500 followers on the social media platform X that Solana could soar more than 340% from its current value by 2025.
He believes that $SOL may go parabolic similar to how $ETH reached its all-time high in 2021.
“$ETH went from $80 to $4500 in 2021.
$SOL will go from $8 to $450 in 2025.”
However, the trader predicts that in the near term, $ETH will outperform $SOL.
“Just talking out loud. $ETH has a good chance to outperform $SOL in the coming months. After that, $SOL will be the leader again.”
He is closely watching whether Solana can flip key resistance levels into support with the first key price target of $120-$130, followed by $190-$200.
“Three most important levels in $SOL. We teleport from one to the other.”
Solana is trading for $100.16 at time of writing, down nearly 3% in the last 24 hours.
The trader is also predicting Bitcoin will retest the $47,000 level next week and then rally beyond $53,000 in early March.
“Not interested in shorts. I’ll turn off my brain and wait for this setup to develop.”
Lastly, the trader says that the memecoin dog-themed crypto asset Floki ($FLOKI) is likely to break out before memecoin rival Dogecoin ($DOGE).
“$DOGE will end this 600-plus days accumulation soon. I would say that $FLOKI will follow $DOGE but I think it will be the other way around. Floki will lead this cycle.”
Floki is trading for $0.0000346 at time of writing, up more than 3% in the last 24 hours. Meanwhile, Dogecoin is trading at $0.0849 at time of writing, down 1% in the last week.
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