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    Home»Altcoins»Analyst Predicts Rallies to New All-Time Highs for Ethereum and Solana, Calls One Memecoin the ‘Outperformer’ – The Every day Hodl
    Analyst Predicts Rallies to New All-Time Highs for Ethereum and Solana, Calls One Memecoin the ‘Outperformer’ – The Every day Hodl
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    Analyst Predicts Rallies to New All-Time Highs for Ethereum and Solana, Calls One Memecoin the ‘Outperformer’ – The Every day Hodl

    By Crypto EditorNovember 19, 2024No Comments2 Mins Read
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    A intently adopted crypto strategist thinks layer-1 rivals Ethereum (ETH) and Solana (SOL) are gearing up for rallies to new all-time highs.

    Pseudonymous analyst Inmortal tells his 217,500 followers on the social media platform X that he believes Ethereum is within the midst of a short consolidation interval earlier than rallies to new record-high ranges.

    The dealer shares a chart suggesting that Ethereum will finally escape en path to $5,000.

    “Easy construction, easy commerce, easy life.” 

    Image
    Supply: Inmortal/X

    Primarily based on the dealer’s chart, he appears to recommend that ETH has shaped a strong base under $2,800 that now serves as the muse for a brand new uptrend.

    At time of writing, ETH is buying and selling for $3,113, greater than 36% down from its all-time excessive of $4,878.

    Solana, Inmortal thinks that SOL is now able to print a brand new all-time excessive after breaking out from a symmetrical triangle construction, a technical evaluation formation historically seen as a bullish continuation sample.

    “Ship [Solana] to new ATH (all-time excessive).” 

    Image
    Supply: Inmortal/X

    At time of writing, SOL is buying and selling for $235, about 9% away from hitting its all-time excessive of $259.96.

    The dealer can also be bullish on the meme token Floki (FLOKI). Inmortal predicts that FLOKI is poised for rallies to $0.00035 after taking out its resistance at $0.00024.

    “The outperformer.

    FLOKI.” 

    Image
    Supply: Inmortal/X

    At time of writing, FLOKI is price $0.000256.

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    Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in internet affiliate marketing.

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