Solana (SOL) Price To Hit New ATH of $360 This Bull Run – Predicts Top Analyst

2 months ago 17
Solana (SOL) Poised for $360 Breakout as Coinbase Activity Surges

The post Solana (SOL) Price To Hit New ATH of $360 This Bull Run – Predicts Top Analyst appeared first on Coinpedia Fintech News

An anonymous crypto expert, Inmortal, has made a bold prediction, saying Solana (SOL) could reach a super high $360 by early 2025. His prediction is based on the Solana chart analysis, expecting SOL to make most of its gains in late 2024, starting with hitting about $100 by the end of this year.

You look lonely, I can fix you.$SOL

— Inmortal (@inmortalcrypto) December 3, 2023

As of now, SOL is trading at $63.81, showcasing a more than 6% increase in the past 24 hours. It’s worth noting that Solana’s previous all-time high was around $260 in November 2021.

Furthermore, Solana’s price is positioned between the 100 Exponential Moving Average (EMA) (blue) and the 50 Exponential Moving Average (EMA) (red), finding a resistance support at $56.58. 

Meanwhile, the consolidation is expected to take place within this range, with movement above the resistance at $56.58 likely to lead to another 17% breakout to $66.

LTC to Jump Near $90

Shifting focus to Litecoin (LTC), Inmortal envisions a bullish trajectory, anticipating LTC to reach approximately $90 by early 2024. 

The ongoing week has witnessed robust buying activity propelling LTC towards the $70 mark, a significant juncture that coincides with the 55-day Simple Moving Average (SMA). In the current scenario, LTC is trading at $73.38, reflecting a more than 3.2% uptick in the past 24 hours.

Bitcoin Could Faces Potential Dip

While optimism surrounds altcoins, Inmortal adopts a cautious stance on Bitcoin (BTC). The analyst suggests a potential dip in BTC’s price this week, pinpointing $38,000 as the level to initiate a long position on the leading cryptocurrency. 

In case we get a dip in $BTC this week, 38k is where I want to long.

As always, on bybit.

— Inmortal (@inmortalcrypto) December 3, 2023

As of the latest update, BTC is trading at $43,694, marking its highest level since April 2022. BTC has demonstrated resilience, registering over a 6% surge in the past 24 hours and a nearly 20% climb in the past month.

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