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Analyst Says Solana Flashing Biggest Bear Trap, Predicts New All-Time High for SOL by End of 2025

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
April 15, 2025
in Altcoins
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Analyst Says Solana Flashing Biggest Bear Trap, Predicts New All-Time High for SOL by End of 2025
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A carefully adopted dealer believes that the layer-1 protocol Solana (SOL) might have simply flashed a robust bullish reversal sign.

Pseudonymous dealer Inmortal tells his 231,500 followers on the social media platform X that Solana seems to have set a large bear entice earlier this month when the value of SOL briefly dropped beneath $100.

A bear entice is a false sign that makes it seem that the value of an asset is heading to a lot decrease ranges, however as a substitute, the value abruptly reverses and rallies, leaving short-sellers trapped.

Says Inmortal,

“That weekly candle is possibly the most important bear entice I’ve ever seen, SOL.”

Image
Supply: Inmortal/X

The analyst now believes that SOL is setting the stage for sturdy rallies en path to a brand new all-time excessive of $340 by December 2025.

“Looking back, will probably be so apparent, SOL.”

Image
Supply: Inmortal/X

At time of writing, Solana is buying and selling for $128.19, down over 3% on the day.

Bitcoin, Inmortal thinks that BTC will commerce between $74,000 and $95,000 within the coming months earlier than sparking a breakout rally towards the top of the 12 months.

“Anticipating one thing like this:

> Bounce to $90,000
> Extra chop/ranging ($67,000 possibly)
> Uptrend within the second half of this 12 months

Perhaps not on this actual order.

BTC.” 

Image
Supply: Inmortal/X

Based mostly on the dealer’s chart, he seems to counsel that Bitcoin will soar near $130,000 by the top of 2025. At time of writing, Bitcoin is value $84,943.

Turning to the memecoin Floki (FLOKI), Inmortal thinks the altcoin is at a worth degree the place it will possibly probably carve a serious cycle backside.

“Accumulating extra FLOKI at these ranges.

RSI (relative power index) is on the similar ranges it was 700 days in the past, and worth at pre-bullrun ranges.”

Image
Supply: Inmortal/X

The RSI is a momentum indicator that may assist merchants spot ranges the place an asset is oversold or overbought. At time of writing, FLOKI is value $0.000057.

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Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in online marketing.

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