Projects like Solana and AVAX, known for their significant fluctuations, have seen important comments from an analyst. Solana, which hit a low at the start of 2023 and rose to $200 by early 2024, and AVAX, which often follows it, have excited the analyst. Additionally, the analyst shared views on a meme coin project that ranks in the top 10 in the market. Let’s take a look at all of them together.
Comments on AVAX and Solana
According to reviews by a well-known market analyst, Solana (SOL), often referred to as the Ethereum (ETH) killer, might join potential market upswings. Inmortal, the analyst, shared on X that Avalanche (AVAX), another follower of Ethereum and Solana, continues to follow SOL.
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.
