In a daring revelation, an anonymous crypto expert, Inmortal, predicts a remarkable surge for Solana (SOL) to hit a whopping $360 by early 2025. Anchored in meticulous chart analysis, Inmortal anticipates SOL’s significant gains in late 2024, eyeing a $100 milestone by year-end.
Currently, SOL is trading at $63.81, showing a robust 6% increase in the past 24 hours. Notably, Solana’s prior peak was $260 in November 2021. Read on for more insights.
Strategic Positioning of Solana’s Price
Solana’s price hovers between the 100 Exponential Moving Average (EMA) (blue) and the 50 EMA (red), with a solid support at $56.58.
Expect consolidation within this range, and a breakthrough above $56.58 could propel SOL into another 17% upswing, reaching $66.
Also Read: From $60 to the Moon? Here’s Why You Should Buy Solana’s Dip Now
Litecoin is Headed Up!
Inmortal sees Litecoin (LTC) reaching around $90 by early 2024.
The ongoing week has witnessed robust buying activity propelling LTC towards the $70 mark, a significant juncture that coincides with the 55-day Simple Moving Average (SMA). In the current scenario, LTC is trading at $73.38, reflecting a more than 3.2% uptick in the past 24 hours.
A Word of Caution for Bitcoin
While optimism surrounds altcoins, Inmortal urges caution with Bitcoin (BTC). He foresees a potential dip, suggesting a long position initiation at $38,000.
As of the latest update, BTC trades at $43,694, marking its highest since April 2022. Bitcoin shows resilience, boasting over a 6% surge in the past 24 hours and a nearly 20% climb in the past month.
Also Read: Bitcoin Golden Cross in Sight: $50K by 2023 End?
In the volatile world of cryptocurrencies, Inmortal’s predictions add an intriguing layer to the unfolding narrative.
