Trader Says Ethereum Competitor at a ‘Generational’ Entry Point, Outlines Path Forward for Bitcoin and FLOKI
A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off. Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112. “SOL: feels like a generational entry.” Source: Inmortal/X Looking at his chart, the trader suggests SOL is printing a similar pattern from 2021, when SOL dipped more than 60% from its local top before putting up massive gains. SOL is trading for $116 at time of writing, down 1.8% in the last 24 hours. Next up, the analyst suggests that Bitcoin (BTC) is on the verge of breaking out and may reclaim the $100,000 level as support by next month. “Maybe this dream [will] come true, just maybe.” Source: Inmortal/X Bitcoin is trading for $82,719 at time of writing, flat on the day. The analyst is also turning bull...