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Reading: Solana, Floki, Ethereum… According to Analysts, New Records are on the Way for Altcoins!
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EdaFace Newsfeed > Latest News > Altcoin News > Solana, Floki, Ethereum… According to Analysts, New Records are on the Way for Altcoins!
Altcoin News

Solana, Floki, Ethereum… According to Analysts, New Records are on the Way for Altcoins!

vitalclick
Last updated: November 19, 2024 11:05 am
5 months ago
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Contents
Is Ethereum’s New Peak Nearby?Positive Signals for Solana and FlokiCareful Strategies Required for Crypto Investments

Inmortal, a well-known analyst in the cryptocurrency world, Ethereum (ETH) $3,107 and predicts new record highs for Solana (SOL). Addressing his 217,500 followers on the social media platform X, Inmortal shared important clues about the near future movements of these two crypto assets. The analyst also painted an optimistic picture for meme token Floki (FLOKI).

Is Ethereum’s New Peak Nearby?

Inmortal noted that Ethereum has formed strong support below the $2,800 level. According to the analyst, this creates a suitable basis for Ethereum to enter a new uptrend. Currently trading at $3,113, Ethereum is 36% lower than its peak. Inmortal stated that Ethereum will reach a new peak after a short consolidation period and said, “A simple structure, a simple trade, a simple life.”

According to Ethereum’s technical indicators, this strong base presents a promising picture for investors. The analyst emphasized that the positive trend of these indicators further increases the potential of Ethereum.

Positive Signals for Solana and Floki

Inmortal also drew attention to the recent performance of Solana (SOL). He stated that SOL broke the symmetrical triangle formation and started to rise and is moving towards a new peak. Trading at $235, Solana is just 9% below its all-time high. The analyst expressed his expectation by saying, “Send Solana to a new record level.”

Sharing positive views on the meme token Floki (FLOKI), Inmortal predicted that the token would reach the target of $0.00035 after breaking the resistance at $0.00024. FLOKI, currently trading at $0.000256, is thought to continue this upward momentum. The analyst stated that Floki has attracted attention with its performance recently and said, “Floki is a candidate to be one of the strong players in this market.”

Careful Strategies Required for Crypto Investments

Although these predictions by analyst Inmortal are exciting for investors, it is necessary to be cautious due to the high volatility of crypto markets. The rapidly changing structure of the markets poses risks that may affect investment decisions. For this reason, investors are recommended to follow the developments in the market closely and shape their strategies accordingly.

Such predictions in the crypto market can serve as a guide for investors when planning their future moves. However, the fact that market conditions can change suddenly should not be forgotten. Attention is drawn to the importance of detailed research and individual risk assessment before investing.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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