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Ethereum, Solana, and Floki expect a bullish rally
A well-known crypto analyst under the pseudonym Inmortal has released a forecast for the future growth of Ethereum ETH $3,116.57 Bridged Ether (StarkGate) -0.04% Market capitalization $0.26 billion VOL. 24 hours $1.4 billion , Solana SOL $238.02 Solana -2.89% Market capitalization $112.97 billion VOL. 24 hours $1.32 billion , and the meme cryptocurrency Floki FLOKI $0.0002412 FLOKI -3.66% Market capitalization $2.34 billion VOL. 24 hours $0.12 billion .
According to the analyst, Ethereum is currently in a stage of short-term consolidation before jumping to new historical highs.
Currently, ETH has formed a solid base below the $ 2,800 level. This will become the basis for a further trend that will bring Ethereum to $ 5,000.
At the time of writing, Ethereum is trading at $ 3,123, with a market capitalization of $ 376.13 billion and daily sales of $ 27.89 billion. According to the analyst, Solana is ready to set a new historical high. After all, SOL managed to break through the symmetrical triangular formation, which is usually a positive signal for continued growth. At the time of writing, Solana is trading at $ 238.20, with a market capitalization of $ 113.11 billion and daily sales of $ 6.82 billion. The crypto strategist also points to the Floki meme token as one of the most promising players. The analyst expects FLOKI to rise to $ 0.35 after breaking through the resistance level of $ 0.24. At the time of writing, Floki is trading at $ 0.2 452, with a market capitalization of $ 2.36 billion and daily sales of $ 559.90 million. The analyst is confident that Ethereum, Solana, and Floki show strong technical signals for growth. If Inmortal’s forecasts come true, it could be a new wave of optimism in the crypto market.