Expert Crypto Analyst Raises Concerns about Solana (SOL), Provides Latest Insights on Bitcoin (BTC) and Chainlink (LINK)
Crypto Analyst Inmortal Reveals Promising Insights on Solana (SOL), Chainlink (LINK), and Bitcoin (BTC)
In the fast-paced world of cryptocurrencies, one crypto analyst, Inmortal, has been capturing the attention of the community with his latest takes on major digital assets. With Ethereum (ETH) rival Solana (SOL), decentralized oracle network Chainlink (LINK), and the crypto king Bitcoin (BTC) in focus, Inmortal’s predictions and observations have been gaining traction among his 195,000 Twitter followers.
Solana (SOL) Breakout Predicted:
Inmortal has exciting news for Solana enthusiasts, suggesting that a significant breakout is on the horizon. However, he warns of a potential fakeout to the downside before the much-anticipated rally. His analysis leads him to predict that SOL might experience a temporary plunge below $20 sometime in August. Nevertheless, the crypto analyst believes that this will be followed by a strong rebound, propelling the token above the $30 mark.
At the time of writing, Solana (SOL) holds a value of $24.49.
Chainlink (LINK) and the Long Accumulation Zone:
Chainlink has not escaped Inmortal’s scrutiny, with the crypto oracle network trading within an unusually extended accumulation zone. According to the analyst, the prolonged consolidation phase indicates that LINK might be gearing up for a massive breakout in the near future. Inmortal’s fascination with the weekly chart further solidifies his belief in the potential expansion for Chainlink.
As of now, Chainlink (LINK) is valued at $7.62.
Bitcoin’s (BTC) Classic Deviation Setup:
Bitcoin, the leading digital asset, is not exempt from Inmortal’s keen observations. The crypto king recently displayed what the analyst refers to as a “classic deviation setup.” This pattern involves price temporarily dipping below an apparent support level, which tricks bearish traders into flipping short. However, the asset then quickly bounces back up, confirming the validity of the support level. Inmortal’s analysis also highlights BTC’s solid risk-to-reward (R:R) factor at its current price.
At the time of writing, Bitcoin (BTC) is trading at $29,403.
Inmortal’s analysis on Solana (SOL), Chainlink (LINK), and Bitcoin (BTC) has created ripples within the crypto community. His predictions of a potential breakout for SOL, an extended accumulation phase for LINK, and a classic deviation setup for BTC have garnered attention and intrigue. As with any investment decision, readers are encouraged to conduct further research and consider various factors before making any moves in the volatile world of cryptocurrencies.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.