The recent wave of selling in the cryptocurrency market has prompted caution among traders, but prominent expert Inmortal has made significant comments regarding potential opportunities. His assessments of Solana ![]()
$117(SOL), Bitcoin (BTC) ![]()
$82,980, FLOKI, and Ethereum (ETH) ![]()
$1,791 have garnered attention, suggesting that the current market conditions may present some investment prospects. He emphasizes the necessity for traders to develop strategies by considering chart analyses and market psychology during this period.
Solana Shows Signs of Bottoming Out and Buying Opportunities
Inmortal pointed out that Solana (SOL), which has recently faced strong selling pressure, may have reached its local bottom. He noted that SOL dropped to around $112 within 24 hours, only to recover to $116. According to the analyst’s evaluations based on historical charts, SOL has previously exhibited similar price movements that led to significant rallies.
In a post on social media, he expressed, “SOL: feels like a generational entry,” indicating that the current levels might serve as an attractive entry point for long-term investors. This remark has sparked interest among traders familiar with previous bull market periods. If SOL demonstrates a robust recovery, these levels could be viewed as a historical opportunity.
Is Bitcoin Eyeing $100,000?
Inmortal also painted an optimistic picture for Bitcoin (BTC). Currently hovering around $82,719, he predicts that BTC could gain new momentum and that the $100,000 level may once again be on the horizon. He highlighted that the maintenance of support levels could signal a potential breakout.
“Maybe this dream [will] come true, just maybe,” he stated, refreshing investor hopes while implying that the market’s silence resembles the calm before a storm. Although traders remain cautious about potential breakout scenarios, the signals from the charts continue to generate excitement. Consequently, the market is believed to be at a critical juncture for short-term direction.
FLOKI and Ethereum Indicate Recovery Signals
Another altcoin that caught Inmortal’s attention is FLOKI. He noted that FLOKI, which has been trading at low levels for an extended period, has returned to its pre-bull market levels, viewing this moment as a significant opportunity. He stated, “Floki at pre-bull market levels is crazy. Added some spot here, see you in a few months,” suggesting that he believes the price could rebound in the medium term.
Regarding Ethereum (ETH), Inmortal shared classic technical analysis insights, suggesting that pullbacks following expansion moves could herald new surges. He indicated that ETH, trading around $1,810, might respond upward in the near future, urging investors to be cautious of “retracement” processes. A rise in ETH could also invigorate the altcoin market through a domino effect.
