Spot Ethereum ETF determines the agenda of the cryptocurrency market these days. The leading altcoin made a strong rally as the probability of SEC approval increased. Meanwhile, the market tried to follow him. Although the excitement has calmed down for now, analysts say some tokens are poised for explosive rallies. Following the market soon, one analyst predicts that the leading altcoin rival will stage an explosive rally of more than 230 percent. The analyst also names 2 altcoins with high potential.
Analyst predicts new peaks for Solana!
cryptokoin.comAs you follow from , spot Ethereum ETF made its mark this week. Following the latest developments, Ethereum recorded a strong increase up to the 4 thousand dollar limit. However, the performance of Ethereum’s strong rival, Solana, remained weak. However, the popular analyst with the nickname Inmortal predicts that Solana will reach its all-time high (ATH) by the end of summer. In this context, the analyst says, “1. New ATH by the end of summer. “The top of Cycle 2 is around $400-600.” says.
According to his chart, the analyst suggests that Solana will consolidate before breaking diagonal resistance towards new ATHs. Meanwhile, Solana reached its November 2021 ATH of around $260. SOL was trading at $176.5 at the time of writing, down 1.2% in the last 24 hours.
Inmortal is waiting for a strong move from FLOKI!
The analyst also says Ethereum’s rally to start the week will likely push meme coins Pepe (PEPE) and Floki (FLOKI) higher. In this regard, the analyst makes the following statement:
The movement of ETH gives altcoins a free hand to move as well. PEPE is tracking well and FLOKI is very likely to move soon as well. You know, contamination, muscle memory.
According to his chart, the analyst suggests that Floki will rise to $0.000340, a gain of more than 52% from the current value. Meanwhile, Floki was trading at $0.000229 at the time of writing, up about 1.24% in the last 24 hours.
LINK prediction: $28 on the horizon for the altcoin!
Finally, the analyst looks at the decentralized oracle network Chainlink (LINK). The analyst says LINK is heading towards $28 if it holds $16 as support on the three-day chart. In this regard, the analyst said, “Sailors are ready to send if it is accepted above $16.” says.
Meanwhile, LINK was trading at $16.72 at the time of writing. Although the altcoin remained weak on the daily chart, it gained over 20% on the weekly chart.
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