In the grand theater of cryptocurrency, a trader of some renown, cloaked in the anonymity of the digital realm, has proclaimed that Solana (SOL) has just performed a most audacious act—a bullish reversal signal that could make even the most stoic of bears chuckle.
Our enigmatic trader, known as Inmortal, has gathered a following of 231,500 souls on the platform X, where he shares his musings. He suggests that Solana, in a moment of dramatic flair, set a colossal bear trap earlier this month, when the price dipped below the mystical threshold of $100. Ah, the irony! 🐻💰
A bear trap, dear reader, is a cunning ruse, a false signal that lures the unsuspecting into believing the price will plummet, only to have it rebound with the grace of a ballet dancer, leaving short-sellers ensnared in their own folly.
Inmortal quips,
“That weekly candle is maybe the biggest bear trap I’ve ever seen, SOL.”
Now, with the wisdom of a sage, our analyst predicts that SOL is preparing for a series of triumphant rallies, aiming for a new all-time high of $340 by the end of 2025. A lofty ambition, indeed!
“In retrospect, it will be so obvious, SOL.”
As of this very moment, Solana is trading at $128.19, a slight dip of over 3% on the day. The market, it seems, is as fickle as a cat on a hot tin roof.
Turning our gaze to Bitcoin, Inmortal envisions BTC dancing between $74,000 and $95,000 in the coming months, before igniting a breakout rally that could rival the grandest of fireworks displays by year’s end.
“Expecting something like this:
> Bounce to $90,000
> More chop/ranging ($67,000 maybe)
> Uptrend in the second half of this year
Maybe not in this exact order.
BTC.”
According to the trader’s chart, it appears that Bitcoin may soar close to $130,000 by the end of 2025. At this moment, Bitcoin is valued at $84,943, a number that could make one’s head spin.
As we turn our attention to the memecoin Floki (FLOKI), Inmortal believes this altcoin is at a price point ripe for a major cycle bottom. A bold claim, indeed!
“Accumulating more FLOKI at these levels.”
“RSI (relative strength index) is at the same levels it was 700 days ago, and price at pre-bullrun levels.”
The RSI, a momentum indicator, serves as a beacon for traders, illuminating the paths of oversold and overbought assets. As of now, FLOKI is priced at a mere $0.000057, a number that might just make you chuckle.
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2025-04-15 03:02