Avalanche (AVAX) is being followed carefully by analysts as it shows similar price movements as Solana (SOL). Based on this similarity, famous crypto analyst Inmortal predicts an upward trend for AVAX parallel to SOL. Inmortal states that the Avalanche has the potential for a long and strong rise with "muscle memory."
Inmortal is a leading crypto analyst with over 214,500 followers and explains that he has detected interesting patterns on AVAX that reflect the price movements of SOL. The analyst predicts that Avalanche is currently in the "final adjustment" phase and his target price is $42. Based on technical analysis, Inmortal highlights the possibility of an uptrend if AVAX regains the critical support level at $27.
Avalanche is currently trading at $32.01 and shows similar resistance to Solana's past performance, with potential for growth going forward. Inmortal also takes an optimistic view of Solana, predicting that it will outperform major cryptocurrencies such as BTC and ETH and could reach a new high by the end of summer. SOL's potential to rise to $260 can also be a reference for other altcoins.
Inmortal's analysis suggests an upward trend for SOL and AVAX, with strong fundamentals supported by increasing investor confidence and market momentum.
Floki Inu: A Rising Rival
He is also optimistic about Inmortal Dogecoin (DOGE) rival Floki Inu (FLOKI). It is stated that Meme coin is "slowly gaining momentum" and projections are made to climb towards the $0.00028 level. Currently trading at $0.000194, FLOKI appears to have significant gain potential.
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