A widely followed crypto analyst says that Ethereum (ETH) competitor Solana’s (SOL) nearly 45% devaluation from its 2024 high may end up being a “lifetime opportunity” for long-term bulls.
Inmortal tells his 212,400 followers on the social media platform X that Solana looks poised to erase most of its losses in the last few days as he expects SOL to rally above $200.
“Lifetime opportunity.”
Based on the trader’s chart, he initially predicted that SOL would drop to $115, which it did on Saturday, before reversing and rallying toward his upside target.
Looking at Bitcoin (BTC), the trader says the crypto king has potentially already bottomed out near $60,000. According to Inmortal, bears should only expect BTC to go lower if it revisits the $60,000 level.
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