dailyhodl.com
A crypto strategist known for accurately calling the 2021 digital asset cycle top believes Ethereum ($ETH) is on the verge of an explosive move to the upside.
The analyst pseudonymously known as Pentoshi tells his 884,200 followers on X that $ETH may increase more than 15% its current value in the coming weeks after a period of price consolidation.
“$ETH maybe a little chopsolidation but then we see it teleport above $5,000 in the next couple weeks in my opinion. A little patience goes a long ways here.”
$ETH/USD pair on dark background, displaying candlestick price data from late 2020 to mid-2024, with horizontal resistance line at 5000 USD and support at 4000 USD, volume bars below, and time axis labeled by years.">
$ETH is trading for $4,314 at time of writing, down 2.9% in the last 24 hours.
Next up, he says that Solana ($SOL) may soon print new all-time highs if the $ETH rival breaks through resistance in the mid-$200 range.
“$SOL very similar to $ETH in that sense.”
$SOL is trading for $219 at time of writing, down 1% on the day.
Looking at Floki ($FLOKI), the analyst says the memecoin may be printing a bullish pattern after a correction.
“Close above the bottom line on a three-day through one-week candle and could have a 2x on the table once it accepts into the previous range, has been making higher highs and lows so that’s how I’d look to play it.”
Looking at the trader’s chart, he suggests that $FLOKI may soon reclaim $0.0002009 as support.
$FLOKI is trading for $0.00009177 at time of writing, down 7.7% in the last 24 hours.
Lastly, Pentoshi says the stablecoin-focused blockchain Plasma ($XPL) may be at the beginning of a massive bullish reversal after forming a market bottom. Looking at his chart, the analyst suggests $XPL may reclaim $1.27 as support.
“$XPL update: moon that.”
Plasma is trading for $0.74 at time of writing, down 14.4% on the day.