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.”
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Source: Inmortal/X
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
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