Inmortal, one of the closely followed names in the crypto money world, announced in its share which path Solana (SOL) will follow as it rises to all-time highs. The analyst also revealed an altcoin that he started accumulating. Here is Inmortal’s analysis.
The analyst, who has more than 87,000 followers on Twitter under the pseudonym Inmortal, noted that the smart contract platform has recovered well from a strong support level and is positioned for a breakout into the current $220 price area.
“Reactions in daily demand are pretty good. If the price is accepted above $170, I think it will create a new ATH (all-time high).
According to CoinMarketCap, at the time of this writing, Solana is trading at $151.27. The move to $220 represents over 45% bullish potential.
Sharing its analyzes about different altcoins, Inmortal announced that it also closely follows the local token of the FTX exchange, FTT. Inmoral stated that FTT is investing in the token with the expectation of a big move up to at least $80. If the trader’s prediction comes true, FTT will drop as low as $50 before seeing gains of around 60%.
“FTT/USD: FTT’s [birikiminin] I think it’s the right move.”
Inmoral, who also examines Bitcoin, stated that after the correction of BTC in September, it can now rally to the $ 200,000 level.
Based on Inmortal’s chart, he predicts that BTC will approach the $220,000 level by the first quarter of next year. Then, he predicts at least 30% correction in the $150,000 range before the next 100% rally exceeds $300,000.
Speaking about Cosmos (ATOM) last week, Inmortal called for a 200% rally on the proof-of-stake blockchain network Cosmos (ATOM), saying $100 is “programmed.”
“My dear cosmonauts, the plan has not changed, the $100 has been programmed. In the meantime, I’ll try to buy lows below $30.”
ATOM is trading at $33.25 at the time of writing.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.