According to the Daily Hodl Analytics:

‘Lifetime Opportunity’ for Solana? Crypto Analyst Predicts Steep SOL Rally Following Marketwide Dip – Here’s His Target

A widely followed crypto analyst says that Ethereum (ETH) competitor Solana’s (SOL) nearly 45% devaluation from its 2024 high may end up being a “lifetime opportunity” for long-term bulls.

Pseudonymous crypto trader Inmortal tells his 212,400 followers on the social media platform X that Solana looks poised to erase most of its losses in the last few days as he expects SOL to rally above $200.

Based on the trader’s chart, he initially predicted that SOL would drop to $115, which it did on Saturday, before reversing and rallying toward his upside target.

At time of writing, SOL is trading for $155.18, up nearly 9% in the past day. Looking at Bitcoin (BTC), the trader says the crypto king has potentially already bottomed out near $60,000. According to Inmortal, bears should only expect BTC to go lower if it revisits the $60,000 level.

“No SFP (swing failure pattern), $60,700 low front-ran.

Just awkward consolidation and a slow grind-up.

IF $60,000 again, THEN lower. Just my opinion.”

The trader also says the recent correction was relatively tame, and that it’s only a matter of time before Bitcoin ultimately enters a new stage of euphoria.

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