A widely followed crypto analyst believes that one Ethereum (ETH) rival may dip lower before having an explosive rally.
In a new strategy session, pseudonymous crypto trader Inmortal tells his 229,300 followers on the social media platform X that Solana (SOL) may decline further due to fears over the impact of an upcoming massive token unlock of more than 11 million SOL.
Token unlocks are often seen as bearish for a crypto asset as it implies more available supply for selling. However, unlocks don’t always result in corrections or crashes, and sometimes even precede rallies.
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“If bottom is not in, it’s very, very close. My take is:
We’ll front-run $120 lows. Unlocks priced in. Overreaction.
After we get zero
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