One Ethereum (ETH) rival appears primed to closely track Solana’s (SOL) latest surge, according to a popular crypto trader.
The pseudonymous analyst known as Inmortal tells his 214,500 followers on the social media platform X that the smart contract platform Avalanche (AVAX) is following SOL with “muscle memory, long and strong.”
The trader shares two charts to show the identical price patterns of SOL and AVAX.
The trader also notes that AVAX has entered its “final setup,” and he is currently targeting $42.
Looking at the trader’s chart, he seems to predict that AVAX will rally after reclaiming a key support level at $27.
Avalanche is trading at $32.01 at time of writing, down slightly on the day.
Inmortal is also bullish on Solana itself.
“SOL outperforming BTC and ETH and ready to break out higher. New ATH (all-time high) at the end of the summer is likely.”
Based on the crypto strategist’s chart, he appears to predict that SOL will eventually rally above its diagonal resistance and surge to $260 in September of this year.
SOL is trading at $178.31 at time of writing.
Additionally, Inmortal is bullish on Dogecoin (DOGE) rival Floki (FLOKI). The trader says the meme asset is “slowly building momentum.”
Inmortal’s chart suggests that FLOKI will jump toward the $0.00028 level next month.
At time of writing, FLOKI is worth $0.000194, down over 4% in the past day.
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The post One Ethereum Rival Following in the Footsteps of Solana’s (SOL) Recent Rally, According to Crypto Analyst appeared first on The Daily Hodl.
