‘Last Dip Ever’ – Analyst Predicts Solana Rally, Says Three Memecoins Will Surge Alongside SOL

A closely followed crypto trader believes that Solana (SOL) just witnessed its last major correction for this market cycle.

Pseudonymous analyst Inmortal tells his 213,300 followers on the social media platform X that SOL bulls successfully defended support at around $120.

The trader shares a chart suggesting that the blue-chip altcoin is now poised to rally to a fresh 2024 high at $320.

“Last dip ever.

SOL.” 

At time of writing, SOL is worth $153.45, suggesting an upside potential of nearly 110% if the altcoin hits the analyst’s target.

Inmortal also predicts that a trio of memecoins will rally alongside Solana. The trader is taking a close watch on Floki (FLOKI), which he says looks bullish after retesting the 200 moving average (MA) on the eight-hour chart and reclaiming support at $0.00015.

Inmortal believes that FLOKI will dip to around $0.00017 before surging to $0.00025 later this month.

“IF SOL goes up, THEN FLOKI, DOGE, PEPE go up too.

Especially interested in FLOKI

> Deviation + Retest + 200 MA
> A bit lagged.” 

At time of writing, FLOKI is trading at $0.000179.

Another coin on the trader’s radar is Seedify.Fund (SFUND), an incubator and launchpad specializing in blockchain gaming. According to the analyst, SFUND is currently in the process of cementing the $2.60 level as support.

“Retesting a 578 days accumulation, for the second time.

Definitely, you don’t see this every day.

SFUND.” 

Looking at the trader’s chart, he seems to predict that SFUND will rally to $6 in the coming months. At time of writing, SFUND is trading at $2.65.

Generated Image: Midjourney