‘Lifetime Opportunity’ for Solana？ Crypto Analyst Predicts Steep SOL Rally Following Marketwide Dip – Heres His Target

A widely followed crypto analyst says that Ethereum (ETH) competitor Solanas (SOL) nearly 45% devaluation from its 2024 high may end up being a “lifetime opportunity” for long-term bulls.

Pseudonymous crypto trader 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.”

Source: Inmortal/X

Based on the traders chart, he initially predicted that SOL would drop to $115, which it did on Saturday, before reversing and rallying toward his upside target.

At time of writing, SOL is trading for $155.18, up nearly 9% in the past day.

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.

No SFP (swing failure pattern), $60,700 low front-ran.

Just awkward consolidation and a slow grind-up.

IF $60,000 again, THEN lower.

Just my opinion.

Source: Inmortal/X

The trader also says the recent correction was relatively tame, and that its only a matter of time before Bitcoin ultimately enters a new stage of euphoria.

At time of writing, Bitcoin is trading at $66,325.

Generated Image: Midjourney