Analyst Says Solana Flashing Biggest Bear Trap, Predicts New All-Time High for SOL by End of 2025
A Bullish Reversal Signal for Solana (SOL) Sparks Excitement Among Traders
One prominent trader known as Inmortal has caught the attention of many in the crypto community with his recent analysis of the layer-1 protocol Solana (SOL). According to Inmortal, SOL may have just flashed a strong bullish reversal signal, indicating a potential rally in the near future.
Inmortal, who has a large following on the social media platform X, pointed out that Solana set a massive bear trap earlier this month when the price briefly dropped below $100. A bear trap is a false signal that tricks traders into believing that an asset’s price will continue to decline, only to see a sudden reversal and rally, trapping short-sellers in losing positions.
With SOL currently trading at $128.19, Inmortal believes that the stage is set for strong rallies that could potentially drive the price to a new all-time high of $340 by December 2025. The trader’s chart suggests a bullish outlook for Solana, with the potential for significant price growth in the coming years.
While Solana’s bullish prospects are generating excitement, Inmortal also shared his thoughts on Bitcoin’s price trajectory. The trader predicts that BTC will trade between $74,000 and $95,000 in the coming months, with a breakout rally expected towards the end of the year. Inmortal’s chart indicates that Bitcoin could reach close to $130,000 by the end of 2025.
Switching gears to the memecoin Floki (FLOKI), Inmortal sees potential for a major cycle bottom at the current price levels. The trader noted that the relative strength index (RSI) for FLOKI is at a similar level to where it was 700 days ago, indicating a possible opportunity for accumulation.
At the time of writing, FLOKI is trading at $0.000057, presenting a potential entry point for traders looking to capitalize on a possible price reversal. Inmortal’s analysis and insights provide valuable information for traders seeking to navigate the volatile crypto market.
For more updates and insights from Inmortal, follow him on X and stay informed about the latest developments in the crypto space.
Don’t miss out on important market movements – subscribe to receive email alerts directly to your inbox and stay ahead of the curve. Stay tuned for more price action updates and analysis from The Daily Hodl.
Generated Image: Midjourney
