A closely followed crypto analyst and trader, Inmortal, claimed that the popular altcoin Solana (SOL) has made its last major correction for this market cycle. The analyst also expects Floki (FLOKI), Dogecoin (DOGE), and Pepe (PEPE) to rise alongside SOL.
Solana and Its Companions Floki, Dogecoin, and Pepe Expected to Rise
The anonymous crypto analyst Inmortal told his followers on the social media platform X that Solana bulls have successfully defended the support around $120. He shared a chart suggesting the blue-chip altcoin is now ready to climb to a new 2024 peak of $320, attaching a note that this was its last dip to date.
At the time this article was prepared, SOL is trading at $147, showing a potential for a 110% increase if it reaches the analyst’s target.
Inmortal also said that if Solana rises, Floki (FLOKI), Dogecoin (DOGE), and Pepe (PEPE) are expected to ascend as well. He added that FLOKI has retested the 200 moving average (MA) on the eight-hour chart and reclaimed support at the $0.00015 level before it is expected to pull back to around $0.00017 this month prior to climbing to $0.00025.
Attention on Seedify.Fund (SFUND)
Another altcoin on Inmortal’s radar is Seedify.Fund (SFUND), an incubator and launchpool specialized in blockchain-based games. According to the analyst, SFUND is currently in the process of strengthening its support at $2.60, and once this process is complete, it is expected to start moving upwards.
The analyst emphasized that SFUND is testing its 578-day consolidation period for the second time, adding that “You don’t see this every day.”
Looking at the chart shared by the analyst, it appears that SFUND is expected to rise to $6 in the coming months. The altcoin was trading just above the $2.60 threshold at $2.63, having fallen 8.95% in the last 24 hours at the time this article was prepared.
