Cryptocurrency Forecaster Warns of Largest Bear Trap for Solana, Anticipates Record-breaking High for SOL by Year's End 2025
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Hey there! Let's dive into the crypto world with today's hot topics. We've got some intriguing insights on Solana, Bitcoin, and Floki from the renowned trader Inmortal.
In a recent post, Inmortal shared his thoughts on Solana (SOL), stating that the layer-1 protocol could be setting up for a major bullish reversal. He believes the drop below $100 earlier in April was a "massive bear trap," signaling a strong reversal to follow. If Inmortal's prediction pans out, Solana might surge to an astounding $340 by December 2025! That's an impressive gain of over 170% from the current price. Keep your eyes peeled - we'll see if this plays out as he predicts.
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As for Bitcoin (BTC), Inmortal offered some insights into its potential movements but did not provide specific details. However, he did mention that Solana's performance typically correlates with broader market trends, including Bitcoin's. So, if Solana's bullish run comes to pass, it's possible that Bitcoin might find itself benefiting, too.
Next up, we have Floki (FLOKI). Inmortal thinks that the memecoin is at a level that offers a prime opportunity to accumulate. He points out that the relative strength index (RSI) is at the same levels it was 700 days ago, and the price is at pre-bullrun levels. If you're a fan of Floki and this memecoin's potential, this could be a sign to add some FLOKI to your portfolio.
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Happy trading!
- Amidst the cryptocurrency market, the immortal trader has expressed optimism about the potential resurgence of Solana (SOL), predicting a spectacular rise to $340 by December 2025.
- remarkable as it might sound, this forecast signifies an increase of over 170% from its current price.
- With Solana's possible surge, Bitcoin (BTC), which usually follows broader market trends, might also experience a favorable impact.
- Inmortal also advises that Floki (FLOKI) presents an opportune moment for accumulation, as the relative strength index (RSI) is at its 700 days ago levels, and the price is at pre-bullrun levels.
- Before making any investments, remember to carry out your own research, consider your unique circumstances, and be mindful of your risk tolerance, as investment advice is not universally applicable.
