Solana's Potential Bear Trap Warned by Analyst, Forecasting SOL Hitting New Highs by Year's End 2025
Crypto Trader's Bullish Take: Solana's Giant Bear Trap to Send SOL Soaring, Bitcoin's Predicted Ranges and Floki's Potential Comeback
With a well-placed bear trap and substantial upswing potential, Solana (SOL) is looking at a remarkable rally to new heights, says famous crypto trader Inmortal. In a recent post, he shared his thoughts about SOL's weekly candle resembling a massive bear trap earlier in April, setting the stage for strong rallies that could lead to an all-time high of $340 by December 2025.
Despite Bitcoin (BTC) being the focus of most discussions, Inmortal did offer some brief insights, explaining his belief that BTC trading will continue to fluctuate between $74,000 and $95,000 for the coming months, with a potential breakout rally toward the end of the year, possibly reaching close to $130,000.
Inmortal's third piece of advice concerns the memecoin, Floki (FLOKI), which he sees as a good accumulation opportunity. Floki's RSI (relative strength index) is at similar levels to 700 days ago, and its price is currently at pre-bullrun levels. If the market landscape remains the same, Floki could be poised to carve a major cycle bottom.
Keep a close eye on these assets to make sure you don’t miss out on any promising growth opportunities in the crypto market. Be sure to do your due diligence before making any high-risk investments. Happy trading!
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Source: The Daily Hodl
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- While Solana (SOL) is revealed to be a promising venture, investors should be mindful that all cryptocurrency markets are subject to extreme volatility, so conducting thorough research prior to any high-risk investing is essential.
- In the realm of altcoins, Inmortal suggests keeping an eye on Floki (FLOKI), mentioning it as a potential good accumulation opportunity due to its current pre-bullrun levels and its RSI pattern resembling its position 700 days ago.
- As part of the updates, Solstice Labs recently announced the upcoming launch of a Solana-native stablecoin, USX, designed for transparent yield, which is set to debut in late April 2025.
- By participating in the BTSE Broker API Hackathon in Dubai, developers can showcase their skills and create innovative solutions, as BTSE Enterprise Solutions plans to host this event in April 2025.
- In the midst of the crypto world, staying informed is key to seizing growth opportunities. Connect with us on social media (X, Facebook, Telegram), subscribe to our newsletter, and visit The Daily Hodl for all the latest updates.
