A popular crypto analyst, Inmortal, is predicting some big moves in the crypto market. They believe that Solana (SOL), a major Ethereum competitor, is likely to see a price drop before a significant rally.
Solana’s Price Dip Predicted
Inmortal, who boasts over 200,000 followers on X (formerly Twitter), suggests that SOL could fall further before bottoming out, citing concerns about a large upcoming token unlock of over 11 million SOL. While token unlocks can sometimes cause price drops, Inmortal believes the market is already anticipating this and that a subsequent price surge is likely. They predict SOL could briefly dip to around $120 before recovering. At the time of writing, SOL is trading at $168.
Bitcoin Remains Bullish
Inmortal remains bullish on Bitcoin (BTC), noting that it’s holding strong support around $92,500 on the 12-hour chart. They express surprise at anyone holding a bearish outlook on BTC.
Ethereum to Hit $4,400?
Finally, Inmortal doubled down on their prediction that Ethereum (ETH) will reach $4,400 by June. They believe that the lack of a negative price reaction to recent negative news supports this prediction. Currently, ETH is trading at $2,683.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
