This time, Solana (SOL), one of the leading altcoins, is in the spotlight. According to Inmortal, an experienced crypto analyst, SOL has the potential to reach an all-time high (ATH) of 2024 at $320, a jump of nearly 110% from its current price.
Inmortal Analysis Optimistic Despite SOL Correction
Inmortal recently shared a chart showing that SOL managed to maintain support levels around $120 in the last major correction. This, according to him, is a bullish signal that indicates that the altcoin is ready to get back on the run.
"Last time the correction. SOL," Inmortal wrote in the caption.
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SOL Prediction That Triggers PEPE to Rise
Inmortal is not only optimistic about SOL, but also predicts that three memecoins will follow its rise. Floki (FLOKI), Dogecoin (DOGE), and Pepe (PEPE) were targeted by analysts.
In particular, Inmortal pays great attention to FLOKI. According to him, FLOKI showed bullish signals after retesting the 200 moving average (MA) on the eight-hour chart and managed to take back the support level at $0.00015.
Inmortal predicts that FLOKI will drop to around $0.00017 before surging to $0.00025 towards the end of this month.
"If SOL goes up, then FLOKI, DOGE, PEPE will also go up. Especially interested in FLOKI. Deviation + Retest + 200 MA Slightly lagging," Inmortal wrote in its analysis.
At the time of writing, FLOKI was trading at $0.000179, indicating significant upside potential.
How to Buy Crypto:
Highlight Seedify.Fund (SFUND)
In addition to SOL and FLOKI, Inmortal also highlighted Seedify.Fund (SFUND), an incubator and launchpad specializing in blockchain gaming. According to analysts, SFUND is currently strengthening the support level around $2.60.
"Retested the accumulation for 578 days, for the second time. Of course, this is not something we usually see every day. SFUND," Inmortal wrote in its analysis.
Conclusion
It is important to remember that analysts' predictions are not always correct. Always do your own research before investing in cryptocurrencies. Do both fundamental and technical analysis, and don't forget to consider the risks involved.
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How to Solana (SOL) on Bittime
You can buy and sell COIN NAME (SOL) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
COIN NAME (SOL) is available on Bittime with market pair SOL/IDR. To be able to buy SOL IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete Solana (SOL) how-to guide on Bittime.
Monitor the price chart movements of Solana (SOL), Bitcoin (BTC), Ethereum (ETH) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Learn the complete guide on how to buy Ethena (ENA) on Bittime.
Monitor the price chart movements of Solana (SOL), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
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How to Use the Fear & Greed Indicator in Crypto Trading
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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