Trader Says Ethereum Competitor at a ‘Generational’ Entry Point, Outlines Path Forward for Bitcoin and FLOKI
A closely followed crypto strategist believes that one Ethereum ( ETH ) competitor may have reached a local bottom amid a broad market sell-off.
Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana ( SOL ) may be presenting a rare buying opportunity after hitting the 24-hour low of $112.
“SOL: feels like a generational entry.”

Looking at his chart, the trader suggests SOL is printing a similar pattern from 2021, when SOL dipped more than 60% from its local top before putting up massive gains.
SOL is trading for $116 at time of writing, down 1.8% in the last 24 hours.
Next up, the analyst suggests that Bitcoin ( BTC ) is on the verge of breaking out and may reclaim the $100,000 level as support by next month.
“Maybe this dream [will] come true, just maybe.”

Bitcoin is trading for $82,719 at time of writing, flat on the day.
The analyst is also turning bullish on FLOKI ( FLOKI ) as the memecoin bounces off of lows not seen since more than a year ago.
“Floki at pre-bull market levels is crazy. Added some spot here, see you in a few months.”

FLOKI is trading for $0.00005453 at time of writing, down 1.8% in the last 24 hours.
Lastly, the analyst says that ETH may be on the verge of a bullish reversal based on historical precedence.
“Expansions lead to retraces. Retraces lead to bounces. Bounce soon.”

ETH is trading for $1,810 at time of writing, flat on the day.
Follow us on X , Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Mining Difficulty Hits New All-Time High
Bitcoin mining difficulty reaches a record high, signaling stronger network security and rising confidence.Stronger Than Ever: What This Milestone MeansWhy It’s Bullish for BitcoinThe Bigger Picture

GMGN Earns $60M in SOL, Powers Solana Growth
GMGN earns $60M in SOL fees, stakes all to support Solana. Transaction speed hits 0.58 seconds.GMGN Stakes $60M to Boost SolanaSolana’s Speed Keeps ClimbingConfidence in the Ecosystem

Phaver Shuts Down as Token Crashes 99% Since TGE
Phaver shuts down after a 99% token crash. Costly listings and no token sales left the team without enough funds to continue.The Fall of Phaver: What Went Wrong?Massive Costs, No RevenueLessons for Web3 Startups

Why the Bitcoin Halving Cycle Is Far From Over
Bitcoin bull markets usually peak 500 days after halving. Here's why there's still time to capitalize.The Cycle Isn’t Over YetUnderstanding the 500-Day PatternHold Steady, Don’t Panic

Trending news
MoreCrypto prices
More








