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Ethereum, Solana, and Floki expect a bullish rally

November 20, 2024 · 12:41 pm 2 min read

A well-known crypto analyst under the pseudonym Inmortal has released a forecast for the future growth of Ethereum ETH $2,423.24 Ethereum -1.45% Market capitalization $292.44 billion VOL. 24 hours $0.74 billion , Solana SOL $102.26 Solana -2.99% Market capitalization $59.84 billion VOL. 24 hours $0.23 billion , and the meme cryptocurrency Floki FLOKI $0.00002399 FLOKI -4.56% Market capitalization $0.23 billion VOL. 24 hours $1.33 million .

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.

Photo: Inmortal/X

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.

Photo: Inmortal/X

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.

Photo: Inmortal/X

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.

BTC

$77,993.03

-0.17%

ETH

$2,423.24

-1.45%

BNB

$685.71

-0.94%

XRP

$1.36

-2.70%

SOL

$102.26

-2.99%

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