dailyhodl.com
One Ethereum ($ETH) rival appears primed to closely track Solana’s ($SOL) latest surge, according to a popular crypto trader.
The pseudonymous analyst known as Inmortal tells his 214,500 followers on the social media platform X that the smart contract platform Avalanche ($AVAX) is following $SOL with “muscle memory, long and strong.”
The trader shares two charts to show the identical price patterns of $SOL and $AVAX.
The trader also notes that $AVAX has entered its “final setup,” and he is currently targeting $42.
Looking at the trader’s chart, he seems to predict that $AVAX will rally after reclaiming a key support level at $27.
Avalanche is trading at $32.01 at time of writing, down slightly on the day.
Inmortal is also bullish on Solana itself.
“$SOL outperforming BTC and $ETH and ready to break out higher. New ATH (all-time high) at the end of the summer is likely.”
Based on the crypto strategist’s chart, he appears to predict that $SOL will eventually rally above its diagonal resistance and surge to $260 in September of this year.
$SOL is trading at $178.31 at time of writing.
Additionally, Inmortal is bullish on Dogecoin (DOGE) rival Floki ($FLOKI). The trader says the meme asset is “slowly building momentum.”
Inmortal’s chart suggests that $FLOKI will jump toward the $0.00028 level next month.
At time of writing, $FLOKI is worth $0.000194, down over 4% in the past day.
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