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

23.07.2024 19:30 1 min. read Alexander Stefanov
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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.

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).

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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.

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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