The cryptocurrency market continues to wobble as Bitcoin loses its momentum. While Bitcoin is struggling to avoid losing $62,000, altcoins are also trying to maintain their critical supports. The direction of the market remains uncertain in an environment of increasing regulatory pressures. However, analysts recommend that you prepare further ahead. In this context, one analyst with a large following says SOL is witnessing its last major correction. Additionally, the analyst predicts rallies for 3 meme coins and 1 altcoin.
The analyst marks $320 as the target for SOL!
cryptokoin.comAs you’ve seen from , the market is having trouble moving forward. With Bitcoin losing momentum and the absence of new catalysts, cryptocurrencies are going back and forth. Although some analysts predict that sales will continue, some also expect upward moves. The analyst with the pseudonym Inmortal says that SOL bulls have successfully protected the support near $120. The analyst shares a chart suggesting that the leading altcoin rival is now poised to rise to a new 2024 high at $320. Also, the analyst said, “Last decline ever.” says.
Meanwhile, at the time of writing, SOL was trading at $147, down 3% on the day. The altcoin price reaching the analyst target means there is an upside potential of approximately 110%.
“If SOL rises, FLOKI, DOGE, PEPE will also rise!
The analyst also predicts that three meme coins will rise as well as Solana. Inmortal is closely watching Floki (FLOKI), which he said is bullish after retesting the 200 moving average (MA) on the eight-hour chart and reclaiming the $0.00015 support. The analyst predicts that FLOKI will fall to around $0.00017 before rising to $0.00025 later this month. Inmortal says the following about these 3 meme coins:
If SOL rises, FLOKI, DOGE, PEPE also rise. I’m particularly interested in FLOKI
- Deviation + Retest + 200 MA.
- It’s a little delayed.
90% increase prediction for this altcoin on the radar
Another altcoin on the analyst’s radar is Seedify.Fund (SFUND). Seedify.Fund is an incubator and launch pad specializing in Blockchain games. According to the analyst, SFUND is currently in the process of consolidating the $2.60 level as support.
In this context, the analyst said, “It is retesting the 578-day accumulation for the second time. “Absolutely, you don’t see that every day.” says. According to his chart, the analyst predicts that SFUND will rise to $6 in the coming months. Meanwhile, at the time of writing, SFUND was trading at $2.63. This means an increase of over 90% for the altcoin if the prediction is correct.
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