The cryptocurrency market continues to show strength, although it has slowed down with Bitcoin falling below $70,000. In particular, Solana, the rival of the leading altcoin Ethereum, is challenging the decline in the market. Meanwhile, one analyst with a large following is pointing much higher for SOL. The analyst also says that LINK is poised for a strong rally. However, the analyst expects a decline for now for FLOKI Coin, which has been explosive in recent days.
Inmortal: Solana will copy Ethereum and reach this level!
cryptokoin.comAs you follow from , leading crypto Bitcoin is struggling to get back the $70,000 it lost. Even though the market has lost some altitude, it continues to show resistance. The popular analyst, nicknamed Inmortal, starts his evaluations with the fifth-largest crypto asset by market cap. The analyst says Solana (SOL) could replicate the explosive rally of rival Ethereum (ETH) from early 2020 to late 2021 and skyrocket with similar multiples.
Meanwhile, let us note that Ethereum has risen from the low price of just under $90 reached in March 2020 to its all-time high of just under $5,000 recorded in November 2021. According to Inmortal, it is possible for Solana to rise nearly 182% from the current price. If the fifth-largest crypto asset reaches Inmortal’s cycle-top target, Solana will have recorded a 60x gain from the December 2022 low. The analyst points to the following level in his prediction:
The previous cycle ETH rose from $80 to $4,800. In this cycle, SOL will rise from $8 to $480.
“LINK is preparing for the second wave of the rally!”
The analyst next looks at Blockchain oracle Chainlink (LINK). According to Inmortal, LINK is preparing for the second wave of a rally. According to his chart, the analyst predicts LINK will rise to a price of $32, an increase of approximately 68% from the current level.
Meanwhile, Chainlink was trading at $19 at the time of writing. The token lost approximately 5% of its value on its weekly chart.
Analyst: FLOKI Coin is undergoing vertical accumulation!
Finally, the analyst covers Floki (FLOKI Coin). Inmortal says meme coin is undergoing vertical accumulation. It states that it is a situation where the price of an asset trades while gradually moving upward. Based on its chart, Inmortal suggests that the FLOKI Coin price will decline significantly after falling just below its all-time high of $0.00034 before rising in a parabolic move.
Meanwhile, FLOKI Coin was trading at $0.00022274 at the time of writing. Although FLOKI Coin decreased by 9% on its weekly chart, it saw an increase of 558% on its monthly chart.
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