A widely followed trader believes Solana (SOL) may be gearing up for massive rallies after retesting the $120 level.
The pseudonymous analyst Inmortal tells his 235,200 followers on X that Solana may experience a parabolic rally similar to what Ethereum (ETH) did earlier this year.
“Different structure, similar vibes.”
ETH went from about $1,550 in April to about $4,900 in September, a more than 216% gain.
The analyst also says that Solana’s $120 level has consistently acted as a support level during market corrections.
“This level has provided support for more than 600 days.”
Solana is trading for $138 at time of writing, up 1.2% on the day.
Next up, the trader says that Bitcoin (BTC) may chop around for months before having an explosive move to new all-time highs around $150,000.
“Imagine.”
Bitcoin is trading for $88,679 at time of writing, up 1.3% in the last 24 hours.
The trader also says that the meme token Bonk (BONK) may be forming a local bottom at a key level around $0.00000900, indicating a potential bullish reversal.
“You only see this type of charts one to two times per year.”
BONK is trading for $0.000009555 at time of writing, down 1.9% in the last 24 hours.
Lastly, the trader predicts that Ethereum (ETH) will soon surge more than 18% from its current value, after bouncing off the lower bound of a trading range at around $2,800.
“$3,500: ETH.”
ETH is trading at $2,963 at time of writing, up about 1% on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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