Ethereum
Ethereum rival follows in Solana’s (SOL) recent rally’s footsteps, crypto analyst says
An Ethereum (ETH) his rival seems ready to follow Solana closely (GROUND) latest surge, according to a popular crypto trader.
The pseudonymous analyst known as Inmortal tell its 214,500 followers on social media platform X that smart contract platform Avalanche (AVAX) follows SOL with “muscle memory, long and strong”.
The trader shares two charts to show the identical price patterns of SOL and AVAX.
Source: Inmortal/X
The trader also notes that AVAX has entered its “final configuration” and he is currently targeting $42.
Source: Inmortal/X
Looking at the trader’s chart, he seems to predict that AVAX will bounce after reclaiming a key support level at $27.
Avalanche is trading at $32.01 at the time of writing, down slightly on the day.
Inmortal is also optimistic about Solana itself.
“SOL is outperforming BTC and ETH and is ready to explode. A new ATH (all-time high) by the end of summer is likely.”
Source: Immortal/X
Based on the crypto strategist’s chart, he seems to predict that SOL will eventually break above its diagonal resistance and climb to $260 by September this year.
SOL is trading at $178.31 at the time of writing.
Additionally, Inmortal is bullish on Dogecoin (DOGE) rival Floki (FLOKI). The merchant said The meme’s asset is “a slowly growing dynamic.”
Source: Inmortal/X
Inmortal’s chart suggests that FLOKI will surge towards the $0.00028 level next month.
At the time of writing, FLOKI is worth $0.000194, down more than 4% in the past day.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: DALLE3