This article explores the insights provided by analyst Inmortal on the price movements of Solana （SOL）, Avalanche （AVAX）, and Floki （FLOKI）, emphasizing their potential for significant gains.
Points
- SOL and AVAX Similarity: Both coins exhibit similar price trends.
- AVAX Target: Potential rise to $42 after reclaiming $27 support.
- Solana’s Performance: Expected to break resistance and reach new highs.
- Floki’s Acceleration: Predicted to move towards $0.00028.
Inmortal also included charts in the post indicating that SOL and AVAX exhibit similar price movements.
The analyst took their view on AVAX a step further, stating that AVAX has completed its final preparations and is moving with a target of $42.
In the trader’s chart analysis, there are views that AVAX could rise after reclaiming the significant support level at $27.
As of the time of writing, Avalanche （AVAX） is trading at $30.43 after a more than 5% drop in the last 24 hours. AVAX’s market cap is $11.9 billion, while its trading volume dropped 44% to $488 million.
Solana’s Current Price
On the other hand, the analyst also shared views on Solana, indicating a potential rise.
“SOL is outperforming BTC and ETH and is ready to rise. A new ATH （all-time high） is possible by the end of summer.”
According to another chart shared by the analyst （above）, SOL is expected to break through the existing resistance, potentially reaching $260 by September.
As of the time of writing, SOL is trading at $175.14 after a 2% drop. SOL’s market cap has fallen to $81 billion, while its trading volume is $2.87 billion.
Floki Comments
Lastly, the analyst also reviewed a meme coin, Floki （FLOKI）, a competitor of Dogecoin （DOGE） that has gained attention recently. The analyst noted that the meme coin’s movements are accelerating.
According to a chart shared by Inmortal （below）, FLOKI is expected to move towards $0.00028 by next month.
A review of FLOKI’s price shows it is at $0.000186 after a 6% drop. FLOKI’s 7-day price movement still indicates a 0.69% increase.
解説
- SOL and AVAX Trends: The similarity in price trends between Solana and Avalanche highlights their synchronized market behavior, offering insights for strategic investments.
- AVAX Target Price: The potential rise of AVAX to $42 after reclaiming $27 support emphasizes a strong bullish outlook.
- Solana’s Potential: Solana’s expected breakthrough and potential rise to $260 indicate significant growth opportunities.
- Floki’s Acceleration: The meme coin’s predicted movement towards $0.00028 suggests notable short-term gains, attracting investor attention.