A closely followed crypto strategist believes that a top Ethereum (ETH) rival could go on an explosive rally of more than 230%.
Pseudonymous analyst Inmortal tells his 213,800 followers on the social media platform X that Solana (SOL) could reach a new all-time high (ATH) by the end of the summer.
“1. New ATH by end of summer. 2. Cycle top around $400-$600.”
Looking at his chart, the analyst suggests Solana’s price will consolidate before breaking through the diagonal resistance toward new ATHs. Solana reached its ATH of about $260 in November 2021.
Solana is trading for $178 at time of writing, down slightly in the last 24 hours.
Next up, the analyst says that Ethereum’s rally to kick off the week will likely propel memecoins Pepe (PEPE) and Floki (FLOKI) higher.
“ETH moving gives the altcoins a free hand to move as well. PEPE is following well and it is very likely that FLOKI will move soon too. You know, contagion, muscle memory.”
Looking at his chart, the analyst suggests Floki could break out to $0.000340, a more than 52% gain from the current value.
Floki is trading for $0.000223 at time of writing up nearly 2% in the last 24 hours.
Lastly, the analyst believes that decentralized oracle network Chainlink (LINK) is heading to $28 if it can hold $16 as support on the three-day chart.
“Marines ready to send it if we find acceptance above $16.”
LINK is trading for $16.35 at time of writing, down 2% in the last 24 hours.
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