Prominent figure Inmortal has shared optimistic forecasts for Ethereum (ETH) and Solana (SOL), suggesting that both cryptocurrencies may soon reach new record highs. Speaking to his 217,500 followers on the social platform X, he also expressed positive sentiment regarding the meme token Floki (FLOKI).
Will Ethereum Reach New Heights Soon?
Inmortal highlighted that Ethereum has built a strong support level just below $2,800, laying the groundwork for a potential upward movement. With its current price at $3,113, Ethereum is trading 36% lower than its peak. He believes that following a short consolidation phase, Ethereum is set to achieve new heights, emphasizing a straightforward approach with, “Simple structure, simple trade, simple life.”
Are Solana and Floki Showing Positive Trends?
Inmortal’s analysis extends to Solana, which has recently surpassed its symmetrical triangle pattern and is climbing towards a new peak. Currently priced at $235, it sits just 9% below its all-time high. His enthusiasm was clear when he stated, “Send Solana to a new record level.” Regarding Floki, Inmortal anticipates it will hit the $0.00035 mark after breaking past the $0.00024 barrier. Priced currently at $0.000256, FLOKI is expected to keep gaining traction, with Inmortal noting its market potential.
- Ethereum’s support level below $2,800 could lead to a new upward trend.
- Solana is on the rise, nearing its previous peak.
- Floki is displaying strong momentum with potential for further gains.
While Inmortal’s forecasts offer hope for traders, the inherent volatility of the cryptocurrency market requires caution. Rapid market changes can significantly influence investment choices, so it’s crucial for traders to stay informed and adjust their strategies as needed.