A company that is changing the way the world mines bitcoin

The Daily Hodl 2025-02-22 12:45:01

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

A widely followed crypto analyst believes that one Ethereum ( ETH ) rival may dip lower before having an explosive rally. In a new strategy session, pseudonymous crypto trader Inmortal tells his 229,300 followers on the social media platform X that Solana ( SOL ) may decline further due to fears over the impact of an upcoming massive token unlock of more than 11 million SOL. Token unlocks are often seen as bearish for a crypto asset as it implies more available supply for selling. However, unlocks don’t always result in corrections or crashes, and sometimes even precede rallies. “If bottom is not in, it’s very, very close. My take is: We’ll front-run $120 lows. Unlocks priced in. Overreaction. After we get zero reaction to unlocks, we accelerate again.” Source: Inmortal/X Solana is trading for $168 at time of writing, down 4.5% in the last 24 hours. The analyst also says he is bullish on Bitcoin ( BTC ) as the flagship crypto asset continues to hold $92,500 as support on the 12-hour chart. “Imagine being bearish.” Source: Inmortal/X Lastly, the analyst doubles down on his prediction that ETH will hit $4,400 by June. “You know what happens when FUD (fear, uncertainty and doubt) doesn’t impact the price? This dream is still in play. Slow grind plus god candle.” Source: Inmortal/X ETH is trading for $2,683 at time of writing, down 1.7% in the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin appeared first on The Daily Hodl .

Наиболее читаемые новости

President Trump Declares End to Biden’s Crypt...
2025-02-23
Tim Beiko Cautions Against Ethereum Rollback...
2025-02-23
Ethereum rollback deemed 'technically intract...
2025-02-23
SEC Ending Investigation Into OpenSea Hailed...
2025-02-23
XRP Price Action Shows Potential for Upside A...
2025-02-23
Mapping XRP’s price targets – Is NOW the righ...
2025-02-23
Web3Bay’s 3BAY Token Shines in Utility Over J...
2025-02-23
Solana & XRP Bulls Are Watching These Altcoin...
2025-02-23

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения