A closely followed crypto strategist and trader thinks one Ethereum (ETH) competitor is gearing up for a breakout.
Pseudonymous analyst Inmortal tells his 223,100 followers on the social media platform X that Solana (SOL) may be forming a bullish pattern on the daily chart and could surge more than 18% from its current value.
“If you ask me, SOL is starting to look good again. Only thing we need now is a higher high [price] to confirm a break in MS (market structure.)”
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Source: Inmortal/X
Looking at his chart, the trader suggests SOL will surge to $240 and retrace to around $210 before resuming its uptrend to around its all-time high of $263.
Solana is trading for $219 at time of writing, up 4.7% in
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