A prominent crypto strategist, Inmortal, believes that Solana (SOL) is poised for a significant rally, potentially soaring over 340% from its current value by 2025. This prediction is based on the belief that SOL could follow a similar parabolic trajectory to Ethereum (ETH) in 2021, when ETH surged from $80 to $4500.
Short-Term Outlook: ETH vs. SOL
In the near term, however, Inmortal predicts that ETH will outperform SOL. He believes that ETH has a higher chance of outperforming SOL in the coming months, after which SOL will regain its leadership position.
Key Resistance Levels and Price Targets
Inmortal is closely monitoring Solana’s ability to flip key resistance levels into support. He identifies the first key price target as $120-$130, followed by $190-$200. He believes that SOL’s price action will move swiftly between these levels.
Bitcoin and Memecoin Predictions
Inmortal also predicts that Bitcoin will retest the $47,000 level next week and then rally beyond $53,000 in early March. He is not interested in shorting Bitcoin and will wait for a specific setup to develop.
Regarding memecoins, Inmortal predicts that Floki (FLOKI) is likely to break out before its rival, Dogecoin (DOGE). He believes that DOGE will soon end its accumulation period, but FLOKI may lead the cycle this time.
Disclaimer
The opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
