Analyst Predicts Avalanche Will Follow Solana’s Surge – Here is His Target

A well-known crypto analyst predicts that Avalanche (AVAX), a competitor of Ethereum (ETH), is set to mirror Solana's (SOL) recent upward movement.

The analyst, who goes by the name Inmortal, points out that AVAX is displaying similar price trends to SOL, showing a pattern of consistent growth.

$AVAX following $SOL

Muscle memory, long and strong. pic.twitter.com/jmqLsNekgb

— Inmortal (@inmortalcrypto) July 22, 2024

Inmortal’s analysis suggests that Avalanche is nearing a significant breakout, with a target price set at $42. Currently, AVAX is trading around $32, showing a minor decline.

Inmortal is also optimistic about Solana, forecasting that it will outperform both Bitcoin (BTC) and Ethereum (ETH).

He anticipates that Solana could hit a new all-time high by the end of summer, potentially reaching $260. As of now, SOL is priced at $178.31.